Posts Tagged ‘elder financial abuse’
Money Laundering: How and Why Broker-Dealers Should Report Suspicious Activity
Broker-dealers are one of the first lines of defense against money laundering and fraud. In order to disguise the true origins of their ill-gotten gains, fraudulent brokers might transfer money to shell corporations in order to make the money look like legitimate earnings. Then, the broker has easy access and can withdraw the money without…
Read MoreSean Refsnider Barred by FINRA Following Allegations of Elder Abuse
Sean Refsnider (CRD #: 4762963), a previously registered broker and investment adviser, has been barred by the Financial Industry Regulatory Authority (FINRA), according to his BrokerCheck record, accessed on November 3, 2020. This came following his termination from Ameriprise Financial — read on to find out the details. On April 28, 2020, a client alleged…
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