The Financial Industry Regulatory Authority (FINRA) filed a complaint against Hank Werner, formerly with Legend Securities Inc. FINRA believes Werner churned an elderly widow’s account. His client’s husband died in 2012 and from that time up until March of this year, Werner placed over 700 trades on hundreds of different securities. Werner’s scheme produced $243,000 in commissions and losses totaling $184,000 for his client.
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