CA Financial Advisor John D. Wade Barred from Securities Industry

John D. Wade – US Bancorp Investments – Fullerton, CA According to the Financial Industry Regulatory Authority (FINRA), the regulator has permanently barred John D. Wade from the securities industry for purportedly converting customer funds. According to the Letter of Acceptance, Waiver and Consent posted on FINRA’s site today, from February 2013 through July 2017, John D. Wade allegedly converted more than $105,000 from two elderly US Bancorp Investment customers without authorization to pay his own mortgage. As a result, Wade allegedly violated FINRA Rules 2150(a) and 2010. According to Wade’s FINRA BrokerCheck report, he was registered with US Bancorp Investments in Fullerton, CA from May 2011 until February 2018. According to FINRA, US Bancorp reported that it had discharged Wade for “Unsatisfactory job performance.” The Firm filed an amended Form U5 on May 7, 2018, reporting that it is conducting an internal review because Wade…

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