FINRA banished two bank advisors from the industry for trying to cheat their customers. 

Stefani Ann Bennett was previously with U.S. Bancorp Investments, where she was employed as a financial specialist. On July 11, 2011, Bennett allegedly withdrew $100,000 from a customer’s estate checking account at U.S. Bank and used the funds for her own use and benefit without the customer’s knowledge or consent.  According to FINRA, she arranged to have five cashier’s checks issued to her personal creditors in the total amount of $97,593 and retained $2,408 in cash.

Register or login for access to this item and much more

All Bank Investment Consultant content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access