A former chief compliance officer faces criminal and civil charges for allegedly misappropriating approximately $500,000 in funds from client accounts, including those belonging to elderly and deceased individuals.
Jennifer Campbell, who worked as the office manager and CCO at an unnamed investment adviser in Buffalo, N.Y., is accused of misusing her access to client accounts to modify account settings, allowing her to “misappropriate funds from client accounts through fraudulent checks and wire transfers,” the Securities and Exchange Commission (SEC) said in a litigation release Thursday charging Campbell with violations of multiple securities laws.
