The Financial Industry Regulatory Authority Inc. has barred David Austin, a former broker with J.P. Morgan, for misappropriating $144,000 from three customers.
Austin, who was fired by the bank in May, forged withdrawal slips for three bank customers, two of whom were over 90 years old, and made unauthorized cash withdrawals from their accounts, which he kept for his personal use.
He also transferred funds from the joint bank account of two of these customers to his personal bank account without authorization. The thefts took place from January 2019 through March 2020.
Austin had worked for the bank in Grand Rapids, Mich., since 2016.
Elsewhere, Raymond James adds two advisors from Edward Jones and LPL, forming an LGBTQ+ focused practice in New Hampshire.
Leading estate-planning tech provider Vanilla has also unveiled key AI upgrades to help its advisor users.
Meanwhile, Bellevue, Washington-based Parcion Private Wealth strengthens its leadership with two C-level additions.
A statement highlighting benefits of a threefold increase in the deduction adds the Republican's voice to thorny tax debate.
A half-century after the company quietly launched in Pennsylvania, Jack Bogle's spirit and legacy to investors has stood the test of time.
From direct lending to asset-based finance to commercial real estate debt.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
