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Cybersecurity: Don't Become a Different Kind of Victim
Winstead PC
Jan. 16, 2019
"A former broker at a national brokerage firm was recently sanctioned by FINRA after accepting instructions to transfer assets out of a client account.... The instructions were actually sent by an imposter who had obtained access to the client's account, presumably through some form of cyber-crime. Unfortunately, the broker unwittingly contributed to the imposter's malfeasance by not only accepting the instructions but by also taking pro-active steps to circumvent his brokerage firm's controls."
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