Stuart Williams Kasin (CRD # 3105331, Registered Representative, Ashburn, Virginia) submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Kasin consented to the described sanction and to the entry of findings that he borrowed at least $100,750 from a member firm customer without the firm’s prior written approval. The findings stated that the customer withdrew $50,000 from a variable annuity to loan to Kasin, and Kasin prevented the firm from learning the purpose of the transaction and precluded the firm from supervising it by sending the withdrawal request directly to the annuity issuer. The findings also stated that the withdrawal form directed the insurance company to send a check to Kasin’s personal residential address, which Kasin deposited into his bank account without notifying the firm of the transaction or his involvement. (FINRA Case # 2009016832901)

We take cases on a purely contingency fee basis against brokerage firms who employ brokers committing misconduct of this nature. Please contact us for a free evaluation.