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
Broker Misrepresentation
Brokerage Firms Sued
Structured Products
Hedge Fund Losses
Recognizing Investment Losses
Recovery of Investment Loss
Securities Arbitration
Reverse Convertible
Securities Fraud
Securities Mediation
Securities Litigation
Stock/ Investment Losses
Suitability/ Unsuitability
Unauthorized Trading
Common Claims
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
Are you a new client?
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.

Disgraced HSBC Rep Ann Maria Ferrao Barred After Alleged Misappropriation of Funds

FINRA barred HSBC Securities (USA), Inc. broker Ann Maria Ferrao following an investigation into allegations that she misappropriated funds from client's bank accounts for the benefit of other clients and for her own personal benefit.

FINRA Case #20140404384 | BrokerCheck: Ann Maria Ferrao

The investigation began when HSBC Bank's Securities and Fraud Investigations Unit received a customer report about an apparent funds shortage in his bank account. Upon internal investigation of this oddity, the HSBC Investigations Unit discovered that a firm registered representative was withdrawing funds from the customer's account for the benefit of other clients.

Investigators also determined that the representative, identified as Ann Maria Ferrao, additionally personally misappropriated funds from the same bank account for her own benefit.

As the result of the internal investigation, HSBC terminated Ferrao's employment while forwarding the findings to FINRA staff.

Ferrao subsequently failed to appear for a FINRA-requested and required on-the-record testimony related to the allegations, sealing the regulator's decision to permanently banish her from the securities industry.

If you have invested with Ann Maria Ferrao or with any other broker, financial adviser or firm whose unauthorized and improper access to your bank or investment account has resulted in monetary losses or other harm to your financial interests, positions or investments, please call The Law Offices of Jonathan W. Evans & Associates at (800) 699-1881 for investigation and consultation.

Categories: Discipline, Conversion, FINRA, HSBC
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.