According to the U.S attorneys office, Susan Elizabeth Walker plead guilty to allegations that she abused her position as a securities agent to steal nearly $1 million from several clients. Walker was a registered representative with Ameriprise Financial and used her access to the retirement accounts of her clients to cause checks to be withdrawn from clients accounts and deposited into accounts that she controlled.
The U.S. Attorneys office has further alleged that Ms. Walker opened brokerage account in her name and in the name of several of her clients without their knowledge or authorization. She allegedly used the account to conceal the stolen money which she purportedly used for personal expenses.
When registered brokers commit fraud and steal from clients, the brokerage firm that employs them may be liable for negligent supervision and responsible for losses. If you invested with Ms. Walker and have questions about your investments, please call The White Law Group’s Chicago office at (312)238-9650 for a free consultation.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Vero Beach, Florida.
For more information on The White Law Group, visit www.whitesecuritieslaw.com.