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SEC charges Virginia broker with bilking elderly clients

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The SEC charged an ex-UBS broker with falsifying statements and stealing $730,000 from elderly clients, some of whom were legally blind.

Authorities said the Roanoke, Va.-based broker, Donna Jessee Tucker, allegedly defrauded nine clients by either stealing their money or falsifying their financial documents from 2008 to 2013. She was alleged to have used the money to pay for vacations, a country club membership, three vehicles, clothes and other personal expenses.

Tucker, 58, allegedly hid her actions by sending clients monthly account statements electronically, which she didn’t believe they would read because of the format, authorities said.

The SEC also alleged that Tucker engaged in unauthorized trading and other financial transactions, and that she misrepresented her actions to customers by forging documents and lying to them.

Authorities did not identify Tucker’s employer in a 12-page complaint filed by the SEC in U.S. District Court in Roanoake on Thursday. FINRA BrokerCheck indicates she registered with UBS Financial Services in November 2007 and resigned in April 2013.

A UBS spokesman said the firm put Tucker on administrative leave upon learning of the allegations.

Read the full story online at On Wall Street: SEC Charges Broker With Defrauding Elderly Clients | On Wall Street.


SEC charges Virginia broker with bilking elderly clients via IFAwebnews.com .


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