(FINRA Case #2016048942501)
Heather Xanthe VanLandingham (CRD #5343446, Odessa, Florida) – An AWC (Accept, Waiver & Consent) was issued in which VanLandingham was fined $5,000 and suspended from association with any FINRA member in all capacities for 20 business days.
Without admitting or denying the findings, VanLandingham consented to the sanctions and to the entry of findings that she effected transactions in a customer’s account at her member firm without the customer’s knowledge or authorization.
The findings stated that a hacker gained access to the customer’s email and sent emails through the customer’s account to VanLandingham, the customer’s representative, requesting separate wire transfers from the customer’s account to outside bank accounts. VanLandingham did not know the emails were sent by an imposter. VanLandingham complied with the requests and initiated two wire transfers totaling $53,000. In each case, VanLandingham falsely attested in the firm’s records that she verbally contacted the customer. Because there were insufficient funds in the account to fund the latter wire transfer, VanLandingham sold shares of four securities in the customer’s account without authorization from the customer. Based on VanLandingham’s false attestations, the firm processed the wires and disbursed the customer’s funds to the outside account. The findings also stated that VanLandingham caused her firm to maintain inaccurate books and records by misrepresenting on firm documents that she had spoken with the customer to confirm the wire transfer requests when she had not verbally confirmed the requests.
The suspension was in effect from March 5, 2018, through March 30, 2018.
VanLandingham voluntarily resigned from Morgan Stanley (CRD# 149777) February of 2016 due to investigation. She then was employed by Suntrust Investment Service Inc. (CRD# 17499) from April 2016 to February 2018
If you are an investor that lost money Heather Xanthe VanLandingham or any broker you should consider all legal options. If you wish to discuss your particular situation and the potential for the recovery of your investment losses, please contact Darren Blum at 1-877-786-2552 (1-877-STOCK LAW), www.stockattorneys.com for a FREE EVALUATION of your potential case.