The Financial Industry Regulatory Authority has suspended and fined a former Cetera Financial Group advisor for allegedly making transactions in a client’s account at the request of the client’s mother, according to FINRA.
Without admitting or denying the allegations, John D. Craft signed a FINRA letter of acceptance, waiver, and consent earlier this month, agreeing to a $5,000 fine and a two-month suspension from associating with any FINRA member in any capacity. FINRA signed the letter Wednesday.
Craft’s FINRA BrokerCheck record includes a disclosure in which Cetera states it terminated him June 11, 2019 “after receiving a demand for payment [that] was made pursuant to a client complaint.”
The registered broker is currently serving as a rep for Trustmont Financial Group, according to BrokerCheck.