Frederick E. Monroe, Jr., of Albany, New York, a stockbroker formerly registered with Voya Financial Advisors, Inc., has been subject to fifteen customer initiated investment related arbitration claims from June 5, 2015, to February 8, 2016, in which customers have alleged that Monroe misappropriated the customers’ funds. Fourteen of the fifteen customer initiated arbitration claims have been settled, in which customers were collectively granted over $2,500,000.00 in damages.

How much Monroe stole from his customers, we may never know.

FINRA Public Disclosure also reveals that on June 10, 2015, Monroe was terminated from Voya Financial Advisors based upon allegations that Monroe “might have” been involved with the misappropriation of customer funds. Subsequently, on July 13, 2015, Monroe was barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon allegations that Monroe did not provide FINRA with information that was requested of him. Docket No. 2015045800501 (July 13, 2015).

Guiliano Law Group

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