{"id":11340,"date":"2024-04-01T10:16:24","date_gmt":"2024-04-01T14:16:24","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=11340"},"modified":"2024-04-01T10:16:24","modified_gmt":"2024-04-01T14:16:24","slug":"finra-bars-broker-john-kersey-after-mishandling-customer-funds","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/finra-bars-broker-john-kersey-after-mishandling-customer-funds\/","title":{"rendered":"FINRA Bars Broker John Kersey After Mishandling Customer Funds"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-11341 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2024\/04\/Blog-Graphics7.png\" alt=\"John Kersey (John Jay Kersey CRD# 1480524) is a former broker and investment advisor last employed with Northwestern Mutual Investment Services, LLC (CRD# 2881) of Cincinnati, OH. His previous employers include Northwestern Mutual Investment Services, LLC (CRD# 2881) of Milwaukee, WI, Walnut Street Securities, Inc. (CRD# 15840) of El Segundo, CA, and WMA Securities, Inc. (CRD# 32625) of Duluth, GA.\u00a0 He has been in the industry since 1986.\n\nNorthwestern allowed Kersey to resign following allegations that he accepted money from a customer intended for investment. Instead, Kersey deposited the money into a non-firm account, and fabricated account statements that overstated the value of the customer\u2019s account with Northwestern.\u00a0 He was under an internal review at the time.\n\nOf his eight disclosures, five are by Kersey\u2019s Northwestern clients filed after his discharge from the firm.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2024\/04\/Blog-Graphics7.png 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2024\/04\/Blog-Graphics7-180x120.png 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>John Kersey (John Jay Kersey CRD# <a href=\"https:\/\/brokercheck.finra.org\/individual\/summary\/1480524\" target=\"_blank\">1480524<\/a>) is a former broker and investment advisor last employed with Northwestern Mutual Investment Services, LLC (CRD# 2881) of Cincinnati, OH. His previous employers include Northwestern Mutual Investment Services, LLC (CRD# 2881) of Milwaukee, WI, Walnut Street Securities, Inc. (CRD# 15840) of El Segundo, CA, and WMA Securities, Inc. (CRD# 32625) of Duluth, GA.\u00a0 He has been in the industry since 1986. <a href=\"https:\/\/www.silverlaw.com\/blog\/finra-bars-broker-john-kersey-after-mishandling-customer-funds\/#more-11340\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>John Kersey (John Jay Kersey CRD# 1480524) is a former broker and investment advisor last employed with Northwestern Mutual Investment Services, LLC (CRD# 2881) of Cincinnati, OH. His previous employers include Northwestern Mutual Investment Services, LLC (CRD# 2881) of Milwaukee, WI, Walnut Street Securities, Inc. (CRD# 15840) of El Segundo, CA, and WMA Securities, Inc. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[577,580],"tags":[],"class_list":["post-11340","post","type-post","status-publish","format-standard","hentry","category-finra-disciplinary-actions","category-stockbroker-misconduct"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FINRA Bars Broker John Kersey After Mishandling Funds<\/title>\n<meta name=\"description\" content=\"John Kersey is a former broker and investment advisor last employed with Northwestern Mutual Investment Services of Cincinnati, OH.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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