FINRA suspended Christopher Michael Frank of Los Angeles, California and fined him $5,000 for allegedly effecting multiple options transactions in a customer's account without the customer's prior written authorization.
According to the findings, Frank engaged in unauthorized discretionary trading in an account that had not been deemed discretionary.
When the customer complained that the transactions were not authorized, Frank allegedly used his personal e-mail account to communicate with the client, which is in violation of Deutsche Bank's written procedures and FINRA rules.
If you have invested with Christopher Michael Frank or with any broker or other financial professional that has engaged in discretionary or other unauthorized transaction activity without your consent, and such misconduct has proven harmful to your investments or interests, please call The Law Offices of Jonathan W. Evans & Associates at (800) 699-1881 for an investigation and consultation.