FINRA has banished two more former bank reps from the industry for life.
Alejandro Federico Marin Aigster, a broker with Mercantil Commercebank in Coral Gables, Fla., was barred earlier this month for alleged misconduct involving an unauthorized loan with a bank customer. He also purportedly failed to inform his employer of an unsatisfied lien against him, FINRA said.
The regulator also expelled Heidi Diana Carter, an employee of J.P. Morgan Chase Bank in San Diego, for allegedly swiping money from a retail bank customer. While FINRA did not disclose details of the alleged theft, Carter's BrokerCheck report showed that prior to being discharged from J.P. Morgan Chase, she was under review for issuing an ATM card for a customer, performing maintenance on the card and withdrawing funds from the card for her personal use.
Neither Aigster nor Carter cooperated with FINRA's investigation into their alleged misdeeds, refusing to provide the regulator with requested documents and information. Aigster resigned from Mercantil Commercebank in December 2014, while Carter was discharged from J.P. Morgan Chase in June 2015.
Aigster and Carter did not respond to an email message sent to them via BrightScope Advisor Pages, an online directory of financial advisors. They could not otherwise be reached for comment. In their settlements with FINRA, they neither admitted nor denied the allegations but consented to an entry of FINRA's findings.
Mercantil Commercebank did not return an email seeking comment on Aigster's expulsion from the industry. Michael Fusco, a spokesperson for Chase Wealth Management, declined to comment on Carter.
- Bank Advisor Wins Whistleblower Case
- Couple Wins $16.1 Million in Dispute With BNP Paribas
- Bank Advisor Suspended for 2 Years, Fined $40K
Register or login for access to this item and much more
All Bank Investment Consultant content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access