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Karen Chafe, Former Berthel, Fisher Broker(Melbourne Beach, FL)FIned/Suspended by FINRA

Karen Chafe, Former Berthel, Fisher Broker(Melbourne Beach, FL)FIned/Suspended by FINRA

Karen Chafe, Former Berthel, Fisher Broker(Melbourne Beach, FL)FIned/Suspended by FINRA 150 150 Rex Securities Law

The Financial Industry Regulatory Authority (FINRA) suspended Karen Lee Chafe of Melbourne Beach, Florida, for a year, effective June 16, 2014, and assessed a fine of $5,000 based on findings that she engaged in a practice of modifying and submitting previously used forms for withdrawals from annuities, and individual retirement accounts (IRAs).

Instead of having customers execute new withdrawal requests  for withdrawals, FINRA found that she reused old forms, whiting out the old information and substituting new dates, amounts, etc. and submitted the forms to her firm and the annuity companies as originals.

According to FINRA records, Chafe was registered with Berthel, Fisher & Company Financial Services from 12/2002-01/2012.

Rex Securities Law provides nationwide representation to investors seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.  Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Rex Securities Law

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