FINRA: Broker squeezes $243K out of elderly blind widow

Another story of a predatory sales person. This is exactly what members are protected against: A broker allegedly defrauded a 77-year-old blind widow by churning her accounts and collecting more than $243,000 in commissions, FINRA says. The fraud also cost the elderly victim almost $184,000 in net losses, according to a complaint filed by the...

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