FINRA booted a former CUSO Financial Services advisor from the industry this week for allegedly participating in private securities transactions that resulted in two elderly investors losing more than $340,000.

According to FINRA's filing, Patrick Richard Harrison introduced the investors to an individual who purported to sell them discounted shares in a publicly traded regional bank. Harrison participated in phone calls with the investors and the securities seller about the investment opportunity, and assisted in having funds deposited with the seller and entities he controlled.  The investors, however, never received any of their shares, losing more than $340,000, FINRA claims. 

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