FINRA has barred Fifth Third Securities stockbroker Janet Louise Frakes from working for any FINRA brokerage firm after finding that Frakes stole more than $116,000 from elderly customers’ accounts at Fifth Third Bank from October 2011 through June 2012. FINRA accused Frakes of using fake withdrawal slips and falsely claiming to have power of attorney over the customers’ accounts. DKR again reminds investors to carefully review their bank and brokerage account statements for any suspicious activity. While the failure to review account statements does not justify a broker’s theft of your funds, such review can help ferret out stockbroker misconduct. If any other customers of Frakes believe that funds are missing from their Fifth Third accounts, they should immediately address the situation.

EN   ES   PT     

Miami Office
Grand Bay Plaza
2665 S. Bayshore Drive
Penthouse 2B
Miami, FL 33133
Telephone: 786.628.8236

Los Angeles Office
Available by Appointment
2029 Century Park East
Century Plaza Tower
Suite 400N
Los Angeles, CA 90067
Telephone: 424.544.7930

New York City Office
Available by Appointment
14 Wall St, 20th Floor
New York, NY 10005
Telephone: 917.382.5217

West Palm Beach Office
Northbridge Centre
515 N. Flagler Drive, Suite P-300
West Palm Beach, FL 33401
Telephone: 561.475.2887

Detroit Office
41000 Woodward Avenue,
Suite 350 East
Bloomfield Hills, Mi 48304
Telephone: 248.368.0182