Former John Hancock Mutual Life Insurance Company and ING Financial Partners Florida Broker Barred By FINRA For The Alleged Sale Of Fictitious CDs and Bonds.
The Financial Industry Regulatory Authority (FINRA) has permanently barred a former Florida John Hancock Mutual Life Insurance Company and ING Financial Partners, Inc. broker, Michael J. DiMare, from the securities industry for allegedly misappropriating over $1.9 million in brokerage client funds and making false statements and sending falsified brokerage account statements and other documents to customers to hide the scheme, according to a May 11, 2010 FINRA securities & investment regulatory press release.
From at least 2001 to 2008, the broker reportedly persuaded investors to invest in fictitious tax-free corporate bonds and CDs. Between 2001 and 2006, the broker was reportedly employed as a sales manager with John Hancock Mutual Life Insurance Company and between October 2006 and May 2008, the broker was reportedly registered as a registered representative/insurance agent with ING Financial Partners, Inc.
According to FINRA, John Hancock Mutual Life Insurance Company and ING Financial Partners customers whose funds were misappropriated or converted were reimbursed by John Hancock and ING.
If You Lost Money In Any John Hancock Mutual Life Insurance Company or ING Financial Partners Investment, Retirement or Brokerage Account and Believe John Hancock Mutual Life Insurance Company or ING Financial Partners May Be To Blame For Your Losses, Contact A Stock Broker Fraud Lawyer & Securities Arbitration Attorney.
Fill Out The Form On The Right For A Free Attorney Review.
If You Have Thoughts About The Former John Hancock Mutual Life Insurance Company and ING Financial Partners Broker Barred By FINRA, Share Your Securities & Investment Comments With Others Below.
