FINRA Says Brooklyn Brokerage Owner Ran $4M Scheme

Law360, New York (November 28, 2012, 8:02 PM EST) -- The Financial Industry Regulatory Authority accused the owner and president of Brooklyn, N.Y.-based brokerage firm TWS Financial LLC on Wednesday of fraud and misuse of more than $4 million in customer money, according to a new disciplinary action.

Roman Sledziejowski allegedly carried out a scheme between June 2009 and August 2012 in which he converted and misused funds of three TWS clients for his personal use and provided them with falsified account statements, in violation of Section 10 of the Exchange Act as well as several...
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