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Broker Banned after Cashing Bogus Check

Thursday, Dec 11 2014

Regulatory & Compliance

Written by PFA News

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A former JP Morgan Securities broker has been banned from the industry following allegations that he cashed a bogus check for $12,000 after being requested to do so by a friend. So reports Bank Investment Consultant.

He allegedly deposited the check into his personal savings account, gave his friend $9,100 and spent the remaining balance.

Read the full article from Bank Investment Consultant.

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