A former Wells Fargo broker, Andrew J. Egber, has been barred from the financial industry by the Financial Industry Regulatory Authority (FINRA).
Allegations of Theft
Wells Fargo filed an amended report stating that an internal review had begun over allegations of possible theft of client funds by Egber.
Refusal to Cooperate
FINRA requested information and testimony from Egber to investigate the allegations. However, Egber refused to cooperate.
Consequences
For his refusal to cooperate, Egber has been barred from working in any capacity for any FINRA member organization. The disciplinary action will be part of his permanent record and made public.
Impact
The bar against Egber prevents him from working in the financial industry and protects investors from potential misconduct.
