California Securities Fraud Attorney Call Today 800-699-1881
California Securities Fraud Lawyer Firm Overview Attorney Profiles Recoveries Obtained Frequently Asked Questions Testimonials Contact Us
information center
Attorney Advertising Disclaimer
Securities
Broker Misrepresentation
Brokerage Firms Sued
FINRA
Structured Products
Hedge Fund Losses
Recognizing Investment Losses
Recovery of Investment Loss
Securities Arbitration
Reverse Convertible
Misconduct
Securities Fraud
Securities Mediation
Securities Litigation
Stock/ Investment Losses
Suitability/ Unsuitability
Unauthorized Trading
Common Claims
Products
Frequently Asked Questions
Attorney Referrals
Video Center
securities fraud blog
legal blog Click here for a free case evaluation. Read our Articles on Securities Related Issues here. have a question resources
contact us
Name:
Email:
Phone:
Are you a new client?
Message:
10 Avvo avvo badge
If you need help recovering your losses contact us today. View our complete list of brokerage firms and banks we've sued.

Paul Ellsworth McIntosh Barred for Unauthorized Trading Resulting in $40,000 in Customer Losses

The Financial Industry Regulatory Authority barred broker Paul Ellsworth McIntosh for unauthorized trading activity and conversion of customers' funds.

The FINRA Office of Hearing Officers issued a default decision after McIntosh failed to respond to multiple investigation inquiries and Complaints.

FINRA OHO Proceeding #2010021448201

The OHO concluded that while he was employed as a registered representative at Cobra Trading, Inc. in 2009, McIntosh effected nearly 200 unauthorized trades in which McIntosh allegedly posted profitable trades to his wife's IRA account and posted those with losses into multiple customer accounts without their knowledge or consent, resulting in debit activity within these accounts.

The OHO charged McIntosh with an attempt to deceive Cobra Trading by improperly using a computer system to avoid principal review and approval of the trades. McIntosh furthermore was found to have broken down larger losses into amounts less than $1,000 so as to avoid detection.

FINRA concluded that McIntosh's unauthorized transactions resulted in over $40,000 in customer losses plus an additional $33,200.60 in losses connected to misuse of the Cobra error account system.

FINRA determined McIntosh's misconduct was "intentional and unauthorized" and "the antithesis of the high standards of commercial honor that FINRA Rule 2010 requires."

Accordingly, McIntosh was barred from the industry.

If you invested with stockbroker Paul Ellsworth McIntosh or with another broker or firm whom has engaged in unauthorized trading activity and this misconduct has proven harmful to your investments or interests, please call The Law Offices of Jonathan W. Evans & Associates at (800) 699-1881 for an investigation and consultation.

accolades
The Law Offices of Jonathan W. Evans & Associates - California Securities Fraud Attorney
Located at 12711 Ventura Boulevard, Suite #440 Studio City, CA 91604. View Map
Phone: (800) 699-1881 | Local Phone: (818) 760-9880.
Website: