[R]espondent alleged that Claimant charged personal expenses to his corporate credit card, which were unauthorized and, as a result, Claimant's employment was terminated, and Claimant failed to reimburse Respondent for those charges.
The termination was non-securities related. Registered representative's employment was terminated after he charged more than $159,000.00 of personal expenses on a corporate credit card of the firm and did not repay the bulk of the charges in full after demand for payment. Charging the corporate credit card for personal expenses was permitted by the investment firm even though it was in violation of written company policy.
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