Two former bank reps were barred from the industry by FINRA.
Daniel Colon, a private client banker with J.P. Morgan Chase Bank in North Patchogue, N.Y., allegedly took at least $200 from a customer's wallet, which was left accidentally at the branch. The incident occurred in September 2014, according to FINRA.
J.P. Morgan Chase reimbursed the customer by crediting her bank account, and Colon subsequently repaid the bank, FINRA said.
Colon was dismissed from Chase in October 2014. He had been with Chase since July 2012, according to his BrokerCheck report.
The other rep was employed with Wells Fargo Bank as a personal banker in New York. Linda Vitaletti allegedly endorsed a check made payable to a client and deposited it into her personal Wells Fargo retirement account. The check was erroneously sent to her by Wells Fargo and was made payable to a customer whose name was similar to Vitaletti's, FINRA said.
Vitaletti subsequently agreed to return the funds, according to FINRA.
Vitaletti, a securities industry veteran with approximately 33 years of experience, was discharged from Wells Fargo in April 2014, where she had worked since October 2010.
Vitaletti declined to cooperate with FINRA's investigation, refusing to appear for on-the-record testimony, which was the reason she was barred.
Neither Colon nor Vitaletti responded to an email sent to them via BrightScope Advisor Pages, an online directory of financial advisors. They could not otherwise be reached for comment. In their settlements with FINRA, they neither admitted nor denied the charges but consented to an entry of FINRA's findings
Rachelle Rowe, a spokesperson for Wells Fargo Advisors, declined to comment on Vitaletti, and Mike Fusco, a spokesperson for Chase Wealth Management, declined to comment on Colon.
Editor's Note: The first paragraph of this story, and some wording in the eighth paragraph, were changed to better reflect actions taken by FINRA.