The Financial Industry Regulatory Authority Inc. has barred Brenda Kochel, formerly a broker with Park Avenue Securities, for requesting and obtaining $23,847.24 in reimbursement from the firm's parent company for travel expenses she did not incur.
Ms. Kochel was terminated by the firm in August 2018 for misappropriating funds by submitting false expenses for reimbursement.
Finra, in a letter of acceptance, waiver and consent, said that Ms. Kochel submitted false expense reports from November 2016 through May 2018. She joined Guardian Investor Services in October 2006 and was employed there through March 2015, when she switched her affiliation to Park Avenue Securities. Both firms are subsidiaries of Guardian Life Insurance Company of America.
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