The Financial Industry Regulatory Authority suspended and fined broker Astrid Sylvia Reinis of Anaheim, California for borrowing $10,000 from a customer in violation of her then-employing firm's—SII Investments, Inc.— written supervisory procedures.
FINRA also cited Reinis' completion of a 2009 compliance questionnaire in which Reinis allegedly and falsely indicated that she had not "borrowed from or loaned money to any client, excluding family members."
Many FINRA-member firms instruct their associates via written policy specifically on the matter of borrowing funds from a firm customer. In many cases, this activity is expressly prohibited, with some firms enumerating certain strict exemptions to this policy.
If a broker has borrowed money from you and failed to repay the loan in violation of firm policy or engaged in other activities that have 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.