An irreverent Wall Street Blog
by Bill Singer
 
Join BrokeAndBroker blog on Facebook  Follow the BrokeAndBroker blog on Twitter  Connect with BrokeAndBroker on LinkedIn  Join Bill Singer on Google+  Subscribe to RSS Feed

Chase Banker And Broker Uses Unauthorized Customer Credit Cards
Written: April 2, 2013

Credit card

For the purpose of proposing a settlement of rule violations alleged by the Financial Industry Regulatory Authority (“FINRA”), without admitting or denying the findings, prior to a regulatory hearing, and without an adjudication of any issue, Casi Marie Martin submitted a Letter of Acceptance, Waiver and Consent (“AWC”), which FINRA accepted. In the Matter of Casi Marie Martin, Respondent (AWC 2012033861801, March 26, 2013).

In October 2011, Martin obtained her Series 6 and 63 licenses while employed as a personal banker at the Jenks, OK, branch office of J.P. Morgan Chase Bank N.A. and a registered representative of FINRA member firm Chase Investment Services Corp. The AWC asserts that Martin had no prior disciplinary history in the securities industry.

Taking Undue Credit (Cards)

On or about March 10, 2012, Martin completed and submitted a credit card application for a Chase Bank customer (“Customer1″) without the customer’s authorization, and provided the Jenks Branch Office as the customer’s address of record. Also during that year, Martin opened a credit card in the name of another bank customer (“Customer2”) using the Jenks office address, without that customer’s knowledge or authorization.

Following the processing of the credit card applications and her receipt of the two cards, between March 10, 2012, and August 3, 2012, Martin made personal purchases totaling $6,033 on both customers’ credit cards, without their knowledge or authorization. On July 30, 2012, Martin accessed Customer2’s checking account and transferred $985.76 from that checking account to the credit card account in order to pay for charges that Martin had incurred for her personal expenses.

On or about August 3, 2012, Martin repaid the customers in full.

Discharged

According to online FINRA documents as of April 2, 2013, “JPMCHASE Bank” discharged Martin on August 6, 2012, and provided the following explanation:

TERMINATED BY AFFILIATE BANK – NON SECURITIES RELATED REGISTERED REP ADMITTED TO OPENING CREDIT CARDS UNDER BANK CLIENTS NAMES FOR PERSONAL USE AND TRANSFERRED FUNDS FROM A BANK CLIENTS ACCOUNT TO ONE OF THE CREDIT CARD

The AWC alleges that Martin violated FINRA Rule 2010 by converting $7,018.76 from bank customers and in accordance with the terms of the AWC, FINRA imposed upon Martin a Bar from association in any and all capacities with any FINRA member firm.

Also READ:


 
[^top^]

Previous Entries
August 28, 2014
On June 24, 2014, the Financial Industry Regulatory Authority (“FINRA”) Department of Enforcement filed a Complaint against James M. Katayanagi, who, ... Read On
August 27, 2014
What's A JP Morgan employee and a customer's debit card have to do with smoking too much dope and singing about it on the old Lawrence Welk show? Well... Read On
August 26, 2014
Stockbroker, Compliance, Legal, and Regulatory JobsEmployment Page BrokeAndBroker.com Jobs#wallstreetjobs @brokeandbrokerNOTICE TO EMPLOYERS... Read On
August 25, 2014
The Financial Industry Regulatory Authority ("FINRA") has a seemingly short and sweet rule in its Code of Arbitration Procedure for Customer Disp... Read On
August 23, 2014
Stockbroker U5 Defamation And Wrongful Termination Case BackfiresAugust 21, 2014In a Financial Industry Regulatory Authority (“FINRA”) Arbitration Sta... Read On
BrokeAndBroker.com Job Search
Related Topics
Tag Cloud
Internet FINRA Bear Stearns Bloomberg SEC NASD NYSE Money Laundering Due Diligence Waiver Forbes China Chepucavage Broy Woody Allen Madoff NAC NPR Marketplace Stanford UBS Ketchum Antitrust NASDAQ RRBDLAW Schapiro Bill Singer BrokerAndBroker USERRA Brokeandbroker.com Morgan Keegan Arbitration Counterclaim BrokeAndBroker.com Khuzami BrokeAndBroker Aleynikov Goldman Sachs brokeandbroker Promissory Note U4 Bill SInger EFL CFTC Huffington Post Flash Crash arbitration RBC RRBDLAW.com Ponzi Affinity Fraud Wachovia Raymond James BrokeandBroker.com Expungement Fraud Securities Fraud Outside Business Activity Registered Rep Magazine FOREX BrokerAndBroker.com FBI Banc of America Pro Se Supreme Court Morgan Stanley Smith Barney E*Trade Margin email Galleon Penson U5 Defamation Protocol Wells Fargo Punitive Damages Citigroup Merrill Lynch ARS Employee Forgivable Loan Street Legal Morgan Stanley AWC Fidelity Bankruptcy Broke And Broker HFT David Sobel Day Trading Ameriprise Commissions Spouse Schwab Commission CRD Kenneth Starr IRS CNBC Complaint ATM Skimming Hacking Phishing Malware Naskovets Poteroba Koval Lincoln Financial Selling Away Outside Business Activities Rakoff 2nd Circuit Second Circuit IRA 401k Forgery Tax RRBDlaw.com Email Netschi Moore Whistleblower Street Sweeper Tran Bharara Facebook Online Bonus Eligibility Rule TD Ameritrade Hedge Fund SAC 1099 Smith Barney Lehman Brothers IC3 Scottrade Lehman JPMorgan Chase Hertz Insider Trading Bank of America Department of Justice Elles Bribe Auction Rate Securities Raiding Spam Edward Jones Medicare Diabetes Dow Schumer Walter Bid Rigging Real Estate Discrimination Wall Street Statutory Disqualification Form U4 Form U5 Indictment Boyland DOJ Corruption bill singer FTC Do Not Call FINRA Arbitration Costa Rica Settlement LIBOR Varney Plea Rule 8210 RRBDlaw Appeal Fowler LPL Johnson US Airways Reg D MSSB Vault Loan SunTrust Discovery Employment Rosenthal Recruiting Lawyer Trading Platform JP Morgan Employment Tuesday Wrongful Termination Bank Guarantee WaMu Solicitation REIT Martin Credit Cards Away Account Credit Repair PN Advisor Placement Group Forex Mortgage Private Placement Moon Merrill Anderson Exam Lee Borrowing Tax Lien Conversion Oppenheimer Wedbush Felony Misdemeanor Expenses ING Lien OTR Estate Jobs Florida Credit Card Elderly Flash Drive Annuity Reimbursement FNMA BrokeAndBroke TIC DWI Promissory Notes Suitability Will POA Power of Attorney Casino NSF MF Global Counterfeit Preet Bharara Corzine Hacker RIA Prison Disclosure NASAA Aguilar FCPA Subway Identity Theft Gold Dell Bar Injunction Bank Deutsche Bank God HSBC Private Placements Eric Stein Wire Fraud CCO Joshua Brown Backstage Wall Street Obstruction of Justice Reuters Retaliation Variable Annuity Outside Account Options Telephone Wine Social Media ADA Pacifico Non-Prosecution Agreement Confirm Tax Fraud Retirement OBA Equity Indexed Annuities EIA MetLife Continuing Education OIP Tax Liens Willful CE Unregistered Impersonation Annuities BBVA Business Expenses ETF JOBS Act Mail Fraud Parking Variable Annuities Signatures BitTorrent Impersonator Wire Transfer Wire Crowdfunding Nasdaq Away Accounts WSP Laptop Dodd Frank Checks RMBS PST Solicited Unsolicited Congress SRO Wife Discretion Non-Solicitation Restaurant Commodities Private Securities Transaction Offer of Settlement Money Market employment jobs Great Recession Chase Investment Services Arrest Barclays Liens Failure To Supervise Apple Time And Price T&P Willfully Husband Letter of Authorization LOA Sexism Debit Card Knight Test Practice Sale Unfair Competition Signature Judgments Undisclosed Settlement Trainee Fee Trust Laser Side Bar Mattera Female Sales Assistant Kennedy Charge Sexist NML Argentina Embezzlement Silver Judgment Bank Fraud Deceased TSSB Mary Jo White Trustee Frumento Conspiracy 6th Circuit Proctor Rule 3040 Class Action Beneficiary NYAG Schneiderman Gallagher White Short Sale Compromise Website TRO Supervision Vacatur SDNY BrokeAndBroker Bill Singer Piwowar Rule 1122 Article V signature VA Regulation SP Rule 3270 OWB Stockbrokers
 
Email Bill Singer Connect with Bill Singer on Facebook Follow Bill Singer on Twitter Link up with Bill Singer on LinkedIn Join Bill Singer on Google+