FINRA banished a former Wells Fargo adviser from the brokerage industry this week for allegedly depositing an elderly client's checks in his own account, the regulator said.

Brendan John Osweiler, a registered rep with Wells Fargo Advisors in Indianapolis, allegedly deposited the client's $1,366 dividend check into his personal bank account and then attempted but failed to do the same with an $8,230 check the client received from an insurance company, according to FINRA's filing.

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