Anne Marie Comcowich, a Scranton, Pennsylvania area securities broker, has agreed to a sanction to resolve a FINRA investigation. The underlying investigation concerned the unauthorized withdraw of funds, theft, from investor accounts. Ms. Comcowich was previously with Prudential.
In 2017, while being investigated in connection with unauthorized withdrawals, Comcowich, through her lawyer, informed FINRA staff that she would not produce information and documents requested pursuant to FINRA Rule 8210. Comcowich thereby violated FINRA Rules 8210 and 2010.
Details of the FINRA action can be found in its AWC. In the AWC, Comcowich neither admits nor denies the allegations.
Comcowich was suspected of processing 13 unauthorized withdrawals from customer accounts. In an email and follow up telephone call with FINRA staff on April 3, 2017, and by this agreement, Comcowich acknowledges that she received FINRA’s requests and will not produce the information and documents requested. The actions of Comcowich are in violation FINRA Rule 2010 provides that “[a] member in the conduct of its business shall observe high standards of commercial honor and just and equitable principles of trade.” A violation of FINRA Rule 8210 is also a violation of FINRA Rule 2010.
Jeffrey Pederson is an attorney who has represented investors similarly victimized. A limited number of attorneys have such experience in front of FINRA, where such cases would need to be brought. Please call for a free and confidential consultation.