FINRA recently announced that Daniel Glenn Carlen, formerly a registered representative for Slavic Investment Corporation in Boca Raton, Florida, has been barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Carlen consented to the described sanctions and to the entry of findings that he was associated with a member firm and was also employed as a supervisor of payroll for a non-registered third-party administration company related to the firm. The findings further stated that Carlen systematically directed unauthorized payments from the administration company’s payroll to a business entity under his sole control and converted the funds to his personal use. Finally, the findings stated that when Carlen was confronted with actual falsified checks and tampered bank statements, he signed a written statement in which he confessed to embezzling $235,000 and misappropriating the funds for his personal use.
According to Carlen’s FINRA Broker Report (CRD), he was registered as a financial professional with Slavic Investment Corporation from March 1992 to October 2008.
If you have questions regarding investments you made with Daniel Carlen or Slavic Investment Corporation, or if you believe that you have been the victim of a securities fraud, The White Law Group may be able to help. The White Law Group is a national securities fraud, securities arbitration and investor protection law firm with offices in Chicago, Illinois and Boca Raton, Florida. The firm has over 30 years of experience reviewing securities fraud claims and handles matters throughout the country and Florida, including reviewing securities fraud cases in Boca Raton, Deerfield Beach, Parkland, Pompano Beach, Lighthouse Point, Fort Lauderdale, Sunrise, and Hollywood. To contact the firm, please call 312-238-9650. Or, for more information on The White Law Group, please visit our website at https://whitesecuritieslaw.com.Tags: Boca Raton, Daniel Glenn Carlen, FINRA, misappropriation, Securities Attorney, Securities Lawyer, Slavic Investment Corporation Last modified: December 1, 2022