Rep barred for paying credit card bills with client money

A former Wells Fargo broker has consented to a Finra sanction banning him from the securities industry for having transferred money from client accounts to pay his credit card bills. Scott Sherwin Polish of Mentor, Ohio, agreed to a letter of acceptance, waiver and consent from the Financial Industry Regulatory Authority in which he admitted to making transfers from the accounts of an elderly couple to pay his personal credit card balance. Mr. Polish left Wells Fargo on April 12, after eight years with the firm. Earlier, he had been with Citigroup for seven years. He started his securities career at PaineWebber in 1991.