Securities Arbitration Lawyers BlogMorgan Stanley Discharges and FINRA Permanently Bars Broker Samuel Wylie Sloane
Broker accused of taking $1.8M in trust assets while serving as a trustee.
Samuel Wylie Sloane’s 15-year career in the securities industry ended abruptly in December 2015 when FINRA permanently barred him from acting as a broker or otherwise associating with firms that sell securities to the public.
According to the disciplinary action document in Sloane’s FINRA BrokerCheck record, the broker refused to respond to FINRA’s request for documents and information during an investigation. The investigation was initiated following allegations that Sloane converted a customer’s trust assets while serving as a trustee.