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Sharon Hayut Allegedly Misappropriated Gifts and Money from an Investor

Mar 28, 2022 Unauthorized Trading

Sharon Hayut (CRD #: 5552070) voluntarily resigned from MSWM following allegations, according to her BrokerCheck record, accessed on March 23, 2022. Details regarding her resignation are provided below.

On December 17, 2021, Sharon Hayut voluntarily resigned from MSWM following allegations. The firm alleged that the broker:

  1. Solicited gifts from an elderly client for her own benefit.
  2. Executed unauthorized transactions.
  3. Issued two checks from an investor’s account for the benefit of her children.

Elderly financial abuse is a common problem in the financial services industry. Further, FINRA Rule 2150 states that “no member shall make improper use of a customer’s funds.”

Background Information

Sharon Hayut has passed the following exams:

  • Series 66 Uniform Combined State Law Examination
  • SIE Securities Industry Essentials Examination
  • Series 31 Futures Managed Fund Examination
  • Series 7 General Securities Representative Examination

She has worked with the following firms:

  • Morgan Stanley (CRD #: 149777)
  • CitiGroup Global Markets (CRD #: 7059)

Kurta Law Can Help

If you have worked with Sharon Hayut and have concerns about your investments, don't hesitate to contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated on behalf of investors who have lost money following broker fraud or misconduct. Kurta Law is a nationally recognized law firm and exclusively represents investors on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Our attorneys will work tirelessly to restore your lost funds and get your financial future back on track.