Ex-broker accused of murdering client could also face FINRA penalties

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As well as being Seegan’s financial advisor, Ashley was a friend who visited Seegan’s home periodically, Carrollton Police said, adding: orchestrated.

On February 19, 2020, Seegan’s wife “found her husband dead from a gunshot wound to the head on his return” at their Carrolton home, Carrollton Police said, adding: “Right next to him There was a typed note stating it was a suicide. “

But during a nine-month investigation, “detectives found evidence that Ashley in fact incapacitated and then murdered Seegan in an attempt to gain control of his finances,” police said. Carrollton.

Fraud fees

Parkland Securities fired Ashley on October 27, 2020, saying he had “reason to believe the representative was engaged in undisclosed outside business activities and also failed to provide the company with prior notice of the securities transactions. private companies involving his private company, ”according to a disclosure in his report on the Financial Industry Regulatory Authority‘s BrokerCheck website.

In November 2020, a federal grand jury indicted Ashley on six counts of wire fraud. The indictment alleged, among other things, that Ashley solicited money from his victims on the pretext that he was investing the funds in an open-ended investment trust.

The indictment also alleged that he made false statements when soliciting these investments, including that there were guaranteed returns and that there was no risk to the original main investment.

According to the indictment, instead of investing the funds in an ITU, Ashley spent more than a million dollars he requested on personal expenses, including spending at casinos and paying bills. credit card payments, mortgage payments, tuition fees and student loans, according to FINRA.

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Shanta Harris

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