91视频下载链接

Osaic Advisor Fined and Suspended for Submitting False Bank Statements

Posted on November 25th, 2024 at 2:13 PM
Osaic Advisor Fined and Suspended for Submitting False Bank Statements

From the desk of Jim Eccleston at 91视频下载链接

AdvisorHub recently reported that the Financial Industry Regulatory Authority (FINRA) has imposed a $5,000 fine and a two-month suspension on Kalomira Zangoulos, a former Osaic advisor in Sterling Heights, Michigan.

FINRA's decision follows Zangoulos' requirement to submit personal bank statements under a heightened supervision plan established by Osaic when she was hired. Zangoulos joined Osaic broker-dealer Sagepoint Financial in 2015 after leaving JPMorgan Chase & Co. amid an internal review concerning transactions in her personal accounts, as noted in her BrokerCheck record.

AdvisorHub reports that in February 2016, Zangoulos allegedly altered her personal bank statements to remove specific transactions, including charges for insufficient funds and a cash withdrawal at a casino. FINRA cited this falsification as a violation of its catch-all Rule 2010, which mandates that actions inconsistent with "high standards of commercial honor" and "equitable principles of trade" are unacceptable.

Zangoulos settled the FINRA claim without admitting or denying its findings in what is known as an Acceptance, Waiver, and Consent (“AWC”).

 

91视频下载链接 LLC represents investors and financial advisors nationwide in securities, employment, transition, regulatory, and disciplinary matters.

Tags: eccleston, eccleston law

Return to Archive

TESTIMONIALS

Previous
Next

The work that you and your team have performed on my behalf is exemplary.

JT

LATEST NEWS AND ARTICLES

May 13, 2025
Merrill's Investment Solutions Chief Outlines Growing Role for Alternatives in Client Portfolios

At Merrill and Bank of America Private Bank, alternative investments have become a core focus of portfolio construction, according to Financial Planning.

May 12, 2025
FINRA Clarifies Proposed Changes to Outside Activities Rule

FINRA released a statement this week addressing misconceptions surrounding its proposed updates to the rules governing outside business activities by associated persons of broker-dealers.

May 9, 2025
FINRA Suspends Former Wells Fargo Advisor Over Unauthorized Transfer in Elderly Client's Account

FINRA has fined and suspended former Wells Fargo financial advisor Jarrett Thomas after he executed a $50,000 transaction for an elderly client despite being informed that she was no longer capable of managing her finances.