TAG | Matthew O’Brien
Matthew Norman O’Brien (CRD # 4655082, Registered Representative, West Branch, Michigan) submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, O’Brien consented to the described sanction and to the entry of findings that he signed the name of a customer of his member firm on a Letter of Authorization form and then used the form to effect a transfer of $3,000 from the customer’s brokerage account to O’Brien’s personal bank account without the customer’s knowledge or approval. The findings stated that O’Brien borrowed $13,000 from the customer, who was not related to O’Brien and contrary to his member firm’s written procedures prohibiting its registered persons from entering into lending agreements with customers unless the customer was an immediate family member. The findings also stated that O’Brien executed a trade in the customer’s account without the customer’s knowledge or consent. The findings also included that O’Brien failed to respond to FINRA requests for information and documents.
This information was found on the FINRA website’s Disciplinary Actions.
If you have been a victim of the alleged fraudulent schemes of Matthew Norman O’Brien, or a similar situation, call a Securities Arbitration Lawyer for a free consultation on how to recover your losses. To speak with an attorney, call 888-760-6552, or visit www.stockmarketlawsuit.com. Soreide Law Group, PLLC., representing investors nationwide before FINRA the Financial Industry Regulatory Authority.
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