Published On: July 14, 2015

Karen Ann Vodden, a former Raymond James sales manager, entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA). She is accused of accepting an appointment as a power-of-attorney for an elderly husband and wife couple who were relatives of hers. She did not obtain written approval from her firm to do so, which is in violation of securities policies. Vodden allegedly took a gift of $26,000 and a loan of $12,000 from an account at her firm which she opened for the couple. She then proceeded to make 10 securities purchases in their account, without the knowledge of her firm.

Vodden was registered with NatCity Investments Inc in Cleveland, Ohio from December 2002 until January 2004, Citigroup Global Markets in Rockford, Illinois from March 2004 until June 2009, Morgan Stanley Smith Barney, also in Rockford, from June 2009 until June 2010 and Raymond James in Rockford from May 2010 until December 2013. She is not currently registered with any member firm and she is not licensed within the industry. If you would like to sue Karen Ann Vodden, please call us at 312-332-4200 to speak to an attorney about your options. Her former firm, Raymond James, may be liable for investment losses, as they had a duty to reasonably supervise her while she was employed there. The call is free. We sue firms such as Raymond James in the FINRA arbitration forum to recover money for investors.

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