Scott Martin has been covering the financial markets since 1996 and the securities business since 2001. He was a long-time columnist for Research, market writer at CNNfn.com, and editor of Buyside; his work currently appears in publications like The Trust Advisor, Institutional Investor, and EmergingMoney.com.| Summit Investigates Former Affiliate For Potential Embezzlement |
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| Monday, April 25, 2011 04:33 |
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A rep who worked with Summit Brokerage Services for about four years has been let go pending the results of a probe into his client dealings. This Website Is For Financial Professionals Only
According to FINRA, Summit -- based in Boca Raton -- is investigating a former affiliate, Timothy Cochrane of Eureka, Kansas, for reportedly misappropriating funds from client accounts.
Cochrane was let go on March 10. Since then, his clients have been reassigned to another Summit rep and it looks like his website has been hastily taken down.
As yet, no charges have been filed. Comments (0)Write commentYou must be logged in to post a comment. Please register if you do not have an account yet.
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