Clearwater, Florida, Securities, Commodities and Precious Metals Fraud Attorney, Russell L. Forkey, Esq.
DaLean Annette Rials (CRD #1925012, Registered Supervisor, Clearwater, Florida, formerly licensed with Wells Fargo Advisors, LLC.) submitted a Letter of Acceptance, Waiver and Consent in which she was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Rials consented to the described sanction and to the entry of findings that she misappropriated approximated $70,000 from her member firm. The findings stated that Rials, as operations manager of her firm’s branch office, had authority to approve credits to customer accounts up to a specified dollar amount without additional approval. The findings also stated that Rials used this authority to credit reimbursements totaling approximately $50,000 for non-existent fees and expenses in accounts belonging to her friends and family. The findings also included that Rials then withdrew the credited amounts from family accounts or received cash or checks from friends for the credited amounts. FINRA found that Rials submitted expense reports for approximately $20,000 in personal expenses, falsely identifying them as legitimate business expenses. FINRA also found that Rials improperly accessed her supervisor’s computer and approved some of her own expenses reports. (FINRA Case #2009019405601).
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