Eugene D. Anderson, of Apache Junction, Arizona, a stockbroker formerly registered with Thrivent Investment Management, Inc., has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he obstructed a FINRA investigation into allegations that Anderson converted customer funds. Letter of Acceptance, Waiver and Consent, No. 2016051376401 (Feb. 1, 2017).
According to the AWC, at a time when Anderson was associated with Thrivent Investment Management Inc., he obtained $15,000.00 from two of the firm’s customers for purposes of addressing Andersons’ personal needs. Apparently, Anderson neither had the ability or intentions of providing repayment to the firm’s customers, and never actually paid the customers back. FINRA found that Anderson’s conduct consisted of conversion, which was conduct violative of NASD Rules 2110 and 2330.
FINRA Public Disclosure reveals that on October 6, 2008, a customer filed an investment related written complaint involving Anderson’s conduct, in which the customer requested $12,000.00 in damages based upon allegations that Anderson failed to act in accordance with the customer’s instructions pertaining to a variable annuity.
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