According to a FINRA disciplinary action announcement, Michael James Frew (CRD #812805, Hillsborough, California) recently submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity.
Without admitting or denying the findings, Frew consented to the sanction and to the entry of findings that he provided a partial but substantially incomplete and misleading response to a FINRA request for information and documents, failed to respond to later requests and refused to appear for testimony. The findings stated that FINRA was investigating whether Frew had accepted loans from customers and converted those funds for personal use. Frew informed FINRA that he would not provide any additional response, and would not appear for testimony at any time. Frew’s failure to cooperate significantly impeded FINRA’s investigation.
For the full findings, see FINRA Case #2014039893701.
According to his FINRA Broker Report, Frew was registered with Wells Fargo Advisors from July 2003 through January 2014.
The foregoing information, which is all publicly available on FINRA’s website, is being provided by The White Law Group.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.
For a free consultation with a securities attorney, call The White Law Group at 312/238-9650. For more information on the firm, visit https://whitesecuritieslaw.com.Tags: Michael James Frew loan, Michael James Frew Wells Fargo Last modified: July 17, 2015