Tag Archives: Harbor Bank of Maryland

Stockbroker Steals More Than $800,000 from Disabled and Elderly

January 27, 2012  |   Posted by :   |   Investment and Regulatory News, Retirement Planning Fraud   |   0 Comments

Former stockbroker Ralph Edward Thomas Jr., who pleaded guilty to mail fraud in September, has been barred for life by the Financial Industry Regulatory Authority (FINRA) for conversion of more than $800,000 in customer funds to his own use. According to FINRA, Thomas misappropriated the money from three vulnerable customers between December 2001, and July […]

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