Securities Arbitration Lawyers BlogFINRA Permanently Suspends New York Broker Frederick Monroe for Misappropriating Funds
Theft of client funds exceeds $1 million in elaborate Ponzi scheme spanning a 20-year career in the securities industry
According to FINRA records, Frederick Monroe, an investment broker based in Albany, NY, has been permanently suspended as a broker and was arrested in June 2015 after being charged with theft of over $1 million dollars in investor funds.
Monroe has been in the investment business for more than 20 years and has been registered with companies including Voya Financial Advisors (2006-2015), Northwestern Mutual Investment Services (1994-2006) and the Robert W. Baird & Company (1994-2002).