An advisor was barred after FINRA accused him of scrubbing thousands of dollars out of his client’s account by trading Colgate-Palmolive stock without her permission.
Craig David Dima of K.C. Ward Financial cost the 73-year-old retiree $575,000 in charges and lost dividend payments by selling then buying back shares in her longtime employer, according to the regulator. Dima neither admitted nor denied the charges but consented to FINRA’s findings and accepted a permanent ban under a settlement this week.
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