Diana Lynne Stamborski, of Palatine, Illinois, a stockbroker formerly registered with LaSalle St Securities, L.L.C., has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that she engaged in outside business activities in violation of her firm’s policies. Letter of Acceptance, Waiver and Consent, No. 2015044783403 (Feb. 14, 2017).
According to the AWC, from January of 2009 to December of 2004, at which point Stamborski was registered with LaSalle St Securities, L.L.C., she engaged in several outside business activities which she did not disclose to her firm via the firm’s annual compliance questionnaires. Apparently, one of her activities, for which she received compensation for, involved working with an entity which was involved in commercial financing of businesses. The AWC stated that Stamborski never received the firm’s approval to engage in the activities. FINRA found that Stamborski’s conduct in this regard was violative of FINRA Rules 2010 and 3270.
FINRA Public Disclosure reveals that on July 28, 2015, a customer filed an investment related arbitration claim involving Stamborski’s conduct, in which the customer requested $2,329,000.00 in damages based upon allegations that Stamborski, from November of 2013 to March of 2014, effected unsuitable fixed annuity investments in the customer’s account.
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