A Chatsworth stockbroker was fined $68,509 and...
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A Chatsworth stockbroker was fined $68,509 and barred from associating with any member of the National Assn. of Securities Dealers under a disciplinary action taken by the NASD.
The NASD said the fine against Evan Jay Beren may be cut by $3,509 should Beren repay that sum to his member firm, which was not identified.
The association said Beren, without a customer’s knowledge or consent, received checks totaling $3,509 representing loan proceeds and dividends on insurance policies purchased by the customer, and that Beren “caused these checks to be cashed and converted the proceeds.”
Beren also failed to respond to NASD requests for information, the association said.
In a separate case, the NASD fined Blake William Wilson, an investment principal in Ojai, $20,000 and also barred him from associating with any NASD member. His sanctions were based on findings that Wilson failed to respond to NASD requests for information. The details of those requests were not disclosed.
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