The Financial Industry Regulatory Authority barred Citigroup Inc. employee Tamara Lanz Moon from the securities industry for allegedly taking more than $850,000 from at least 22 especially vulnerable customers, including her own father.
The Redwood, Calif., woman was also accused of falsifying account records, engaging in unauthorized trades and related recordkeeping violations.
Ms. Moon's conduct occurred over an eight-year period while she was a sales assistant at Citigroup Global Markets in Palo Alto, Calif. The banking giant has compensated customers for their losses.
The regulatory body found Ms. Moon targeted the elderly and ill customers as well as others she believed were unable to monitor their accounts. Among her alleged victims were an 83-year-old widow that she misappropriated $83,000 from and her father, whom she bilked for $30,000. She also misappropriated $55,000 belonging to an American diplomat working overseas.
Ms. Moon neither admitted nor denied the charges but consented to the entry of Finra's findings. She couldn't immediately be reached for comment.
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