{"id":1517,"date":"2014-09-19T22:26:55","date_gmt":"2014-09-19T22:26:55","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2014\/09\/finra_bars_exwells_fargo_broke_1"},"modified":"2022-04-03T15:52:17","modified_gmt":"2022-04-03T20:52:17","slug":"finra-bars-exwells-fargo-broke-1","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/finra-bars-exwells-fargo-broke-1\/","title":{"rendered":"FINRA Bars Ex-Wells Fargo Broker From Industry For Allegedly Bilking Customers, Expels HFP Capital Markets LLC for Securities Fraud"},"content":{"rendered":"

The Financial Industry Regulatory Authority has barred a former Wells Fargo (WFC) registered representative from the brokerage industry. According to the self-regulatory organization, Ane S. Plate, who previously worked with Wells Fargo Advisors Financial Network in Florida, allegedly made fifteen unauthorized trades<\/a> in a joint brokerage account of two customers between October 2013 and April 2014. The transactions resulted in $176,080 of cash proceeds, of which Plate is accused of pocketing $132,358.<\/p>\n

The former Wells Fargo broker is also accused of setting up bi-weekly transfers from the brokerage account to a bank account that was in the name of one of her relatives. She then allegedly moved $7,700 to that account between December 2013 and May 2014.<\/p>\n

Plate, who was working with Wachovia Securities when Wells Fargo acquired that firm, has since been fired after the latter discovered the purported theft. FINRA’s BrokerCheck reports that the customers that were harmed were fully reimbursed for the amount taken from them.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

The Financial Industry Regulatory Authority has barred a former Wells Fargo (WFC) registered representative from the brokerage industry. According to the self-regulatory organization, Ane S. Plate, who previously worked with Wells Fargo Advisors Financial Network in Florida, allegedly made fifteen unauthorized trades in a joint brokerage account of two customers between October 2013 and April […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3752,3739,3836],"tags":[],"class_list":["post-1517","post","type-post","status-publish","format-standard","hentry","category-financial-firms","category-finra","category-wells-fargo"],"yoast_head":"\nFINRA Bars Ex-Wells Fargo Broker From Industry For Allegedly Bilking Customers, Expels HFP Capital Markets LLC for Securities Fraud — Investor Lawyers Blog — September 19, 2014<\/title>\n<meta name=\"description\" content=\"The Financial Industry Regulatory Authority has barred a former Wells Fargo (WFC) registered representative from the brokerage industry. 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