Northwestern Mutual’s brokerage fined $350,000 after broker is charged with pocketing customer cash
June 30, 2020 by Cary Spivak
Northwestern Mutual Life Insurance Co.’s brokerage arm has been hit with a $350,000 regulatory fine for failing to prevent a former broker from pocketing hundreds of thousands dollars from client accounts, records show.
The broker, Sampson Pearson, is awaiting trial in federal court in North Carolina on charges that he stole $570,000 from his former clients.
Click HERE to read the full story via Milwaukee Journal Sentinel
Originally Posted at Milwaukee Journal Sentinel on June 25, 2020 by Cary Spivak.
Categories: Industry Articles