Ex-Key Bank broker suspended for alleged mishandling of customer annuity

June 21, 2017 by Margarida Correia

A former Key Bank broker was suspended from the industry for 18 months and fined $7,500 for allegedly mishandling a customer’s variable annuity and inappropriately using two other customers’ personal identification information, according to a recent FINRA disciplinary filing.

FINRA claimed that Abed Adam Darwish, a broker with Key Investment Services in Cleveland, Ohio, added his wife as a 50% primary beneficiary to a customer’s variable annuity without the customer’s knowledge.

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Originally Posted at BankInvestmentConsultant on June 15, 2017 by Margarida Correia.