Summit Investigates Former Affiliate For Potential Embezzlement Hot

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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.

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