October 7, 2015-Fishers, IN
Barbara D. Fife , entered into a Letter of Acceptance Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that she failed to provide information and documents in connection with a FINRA investigation into allegations that Fife converted funds from a firm customer.
Conversion is the intentional and unauthorized taking ofand/or exercise of ownership over property by one who neither owns the property nor is entitled to possess it. Conversion of customer funds violates NASD Rule 2330(a) and FINRA Rule 2150(a), which prohibit persons associated with a FINRA-regulated broker-dealer from making”improper use” of a customer’s funds.
Conversion also violates NASD Rule 2110 and FINRA Rule 2010, which require associated persons to observe ”high standards of commercial honor and just and equitable principles of trade.”
Conversion is a civil wrong where a person ‘converts’ the property or another to his/her own use. It is a fancy way of saying ‘steals’.
AWC No. 2015046218901
Fife was barred from the securities industry.
According to FINRA records, Fife was registered with LPL Financial from 9/2007-6/2014.
Fife has been named in five customer complaints . Most recently, in 2013 a customer sought damages of $200,000 alleging that checks were never deposited in the customer account. That matter was settled for $257,500.
If you have losses in an account handled by Fife, you may be able to recover damages from the firm that employed her.
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.
Florida-561 391 1900