A broker has been barred from the securities industry after stealing almost $89,000 from an elderly customer while working for Wells Fargo Advisors, LLC, which is a unit of Wells Fargo & Co. The Financial Industry Regulatory Authority found that Jeffrey McClure had written 36 checks for himself totaling $88,850 from the customer's account without her consent. The customer had given McClure authorization to pay her rent and expenses but McClure deposited the checks into his personal account for his own expenses. The affiliated bank has made the customer whole for her losses.
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