Richard Wayne Hill, formerly a financial advisor with Citigroup (now Morgan Stanley Smith Barney) in Wellington, Florida has been barred from FINRA. According to FINRA, Hill has consented to findings that he issued checks totaling $479,000 from customer accounts to corporate payees representing that he was purchasing race horses for the customers but in reality he was converting those funds to his own personal use by arranging for the checks to the corporate payees to be made payable to himself. Additionally, it appears that Hill also settled a customer complaint arising from this scheme without telling his employer (Smith Barney).

If you believe that you were a victim of Hill’s scheme, or if you believe that you have been the victim of another securities fraud, The White Law Group may be able to help. To speak to a securities attorney, please call our Chicago office at 312-238-9650.

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 Boca Raton, Florida.

To learn more about The White Law Group, visit http://whitesecuritieslaw.com.