Corinne Renae Mittag, of Omaha, Nebraska, a stockbroker formerly registered with Bancwest Investment Services, Inc., has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that she effected unauthorized trades, falsely represented her trading activities to her firm, and led her firm’s records and books to contain the wrong customer account information. Department of Enforcement v. Corinne Renae Mittag, Offer of Settlement in Disciplinary Proceeding No. 2015044594201 (Sept. 20, 2017).
According to the Order, in January of 2015, during the time that Mittag was associated with the firm, she received an e-mail request from a Mittag, later discovered to be an imposter located outside of the United States, wherein Mittag approved and effected the sale of securities and subsequent transfer of customer RC’s funds to the imposter. Apparently, Mittag was required to first obtain customer’s RC’s authorization to effect the securities sale and transfer of funds, and was disallowed from accepting instructions for those transactions over e-mail or voicemail.
The Order revealed that Mittag contravened the firm’s policies, and reportedly lied to the firm’s principals about it by confirming that she spoke with customer RC and received permission to place the transactions. FINRA found that unauthorized trades in customer RC’s account as well as Mittag’s misrepresentations to her firm constituted violations of FINRA Rule 2010; and that she caused her firm’s records to maintain inaccurate details concerning the transactions; conduct violative of FINRA Rules 2010 and 4511.
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