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Most bank advisors who are barred from the industry typically get kicked out for swindling their clients.
Others get expelled for stealing from their employers. Such was the case for three former reps of J.P. Morgan Securities. Cecilia Carolyn Hang Minh Le, a private client banker with J.P. Morgan in Garden Grove, Calif., was ejected from the industry late last month for allegedly lying about ATM withdrawals that she in fact never made.
According to FINRA, Le asked J.P. Morgan Chase Bank on two separate occasions in March 2014 to credit her account $1,006 for the cash she failed to receive from two purported ATM withdrawals, requests that the bank honored. She then used the funds for her own personal use and benefit, FINRA said.
Le resigned from J.P. Morgan Chase...