Sevaag Matossian (CRD #6536241, Pasadena, California)

March 11, 2022 – An AWC was issued in which Matossian was barred from association with any FINRA member in all capacities. Without admitting or denying the findings, Matossian consented to the sanction and to the entry of findings that he converted $2,639.64 of his employer’s funds. The findings stated that while Matossian was employed by his member firm’s affiliate bank, he and his wife used personal bank credit cards in his name to make purchases at retailers and restaurants. Despite the fact that each transaction was authorized, Matossian claimed he was not responsible for paying the charges and falsely reported the charges as fraudulent to the bank, claiming that certain cards were lost, or not yet received and other charges were not made by him or his wife. (FINRA Case #2021071593301)