A former U.S. Bank broker was suspended from the industry for 30 days and fined $5,000 for impersonating an elderly customer in an attempt to move the customer's retirement account from another institution, according to the broker's settlement with FINRA.
Ryan Sanford Lawson allegedly made two calls to the rival firm, pretending to be the customer. He placed the calls a day after a meeting in which the customer and his wife expressed an interest in transferring the nearly $70,000 they held in their retirement accounts at the other firm, FINRA charged in the settlement.
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
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access