An AWC was issued in which Imani L. Bailey (CRD #7096388) was barred from association with any FINRA member in all capacities. Without admitting or denying the findings, Bailey consented to the sanction and to the entry of findings that she converted funds from a customer of her member firm’s affiliate bank by successfully transferring $1,384.25 in total from the customer’s bank account to a third-party to pay an installment on her personal automobile loan.
The findings stated that Imani L. Bailey obtained unauthorized access to the customer’s checking account by bypassing the bank’s account authentication process. The customer neither knew about, nor authorized, these transfers. The funds were eventually returned by the bank to the banking customer. (FINRA Case #2022074689201)
Matthew Schwartz
Matthew Schwartz represents clients harmed by lawyers, accountants, insurance professionals, real estate agents, brokers, financial advisors, and other trusted professionals. He handles Florida litigation and nationwide FINRA arbitration. He has been recognized in The Best Lawyers in America® and named to the Best Law Firms® list.
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