Donna Jean Chism of Edmond Oklahoma a stockbroker formerly registered with WFG Investments Inc. has been fined $2,500.00 and sanctioned by Oklahoma Department of Securities based upon Chism consenting to the Department’s findings that Chism engaged in unauthorized transactions in customer accounts. Case No. 17-055 (Apr. 3, 2017).
Oklahoma Department of Securities alleged that Chism corresponded with a terminated WFG Investments Inc. broker in regard to customer accounts, and placed transactions in a customer account at the direction of the terminated representative. Chism was prohibited from acting upon the terminated representative’s directives as the representative had no authority on the customer’s account.
WFG Investments discharged Chism on January 31, 2017 based upon accusations that Chism violated the firm’s policy by relying upon trading instructions from an unauthorized person. Since February 8, 2017, Chism has been employed by T.S. Phillips Investments Inc.
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