Former Voya Financial Stock Broker Pleads Guilty to Ponzi Scheme

Former Voya Financial Stock Broker Pleads Guilty to Ponzi Scheme

Former Voya Financial Stock Broker Pleads Guilty to Ponzi Scheme 150 150 Robert Rex, Esq.

December 23, 2015- Queensbury, NY

The TimesUnion reports that Voya Financial is repaying former clients of Queensbury stock broker Frederick E. Monroe.

Monroe, who worked out of the offices of Capital Financial Planning at Stuyvesant Plaza in Guilderland,  pleaded guilty to money laundering and grand larceny according to the press release.

According to the TimesUnion, Monroe was operating a classic Ponzi scheme and faces up to 16 years.

FINRA records indicate that Monroe was registered with Voya Financial from 2/2006-6/2015.

Voya Financial Advisors is based in Des Moines, Iowa and has over 1,500 branch offices and ove 2800 registered representatives.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Verified by MonsterInsights