Life Savings Frittered Away

A 90-year old nursing home resident entrusted his life savings to former New York broker Sergio Del Toro. But in the end, the elderly investor and his family saw that his investments were far too risky and discovered that more than $500,000 was long gone. Del Toro not only defrauded his client, but also frittered away his career. The Financial Industry Regulatory Authority barred him from the securities industry for life. The full Financial Advisor article is here. http://www.fa-mag.com/fa-news/4580-broker-barred-for-defrauding-90-year-old-of-life-savings.html

October 12, 2009 In: Uncategorized Comments (None)