A Glendale man, Bryan L. Little, has been ordered to pay restitution and penalties in connection with “dishonest and unethical conduct in connection with an elderly client’s investment account.”
The Arizona Corporation Commission ordered Little to pay $56,500 in restitution and a $4,000 administrative penalty for his conduct while working as a licensed investment adviser representative. According to the Commission, Little transferred $250,000 from his client’s account to buy securities to subsequently enrich himself and others.
Also, the Commission found this client had appointed Little as the primary agent pursuant to a Power of Attorney.
The Commission found Little no longer holds an investment adviser representative license in Arizona. In settling this matter, Little neither admitted nor denied the Commission’s findings and agreed to the entry of the consent order.
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