Summit Investigates Former Affiliate For Potential Embezzlement

Sunday, April 24, 2011 23:33
edit
Summit Investigates Former Affiliate For Potential Embezzlement

Tags: FINRA | independent broker-dealers

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 comment

You must be logged in to post a comment. Please register if you do not have an account yet.

busy

Sponsored