Client alleged the representative misappropriated her non-qualified cash that was deposited into her discretionary fee-based managed wrap account by investing the cash into the market in September 2021 without her authorization. On October 4, 2022, an additional allegation was received alleging the investments were not suitable.

$51,000.00

Upon conclusion of the Firm's review, no wrongdoing was found on the part of the representative. The representative did not misappropriate or improperly use the client's funds for purposes other than that for which they were intended. The client's accounts were established with her informed consent, funded with her authorization, and invested in accordance with account paperwork signed by the client.