Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ana Dimco (Dimco), previously associated with Columbia Management Investment Distributors, Inc., has at least one disclosable event. These events include one tax lien, alleging that Dimco recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a pending customer complaint on February 18, 2025.
Dimco was named a respondent in a FINRA complaint alleging that she improperly used her member firm’s funds to make purchases that were not related to any business of her firm without its authorization. The complaint alleges that Dimco incurred a total of $20,157.92 in charges on the corporate card issued to her to pay for personal expenditures such as clothing, travel, a laptop, medical and beauty treatments, and other personal expenses while on an approved medical leave from her firm. The firm incurred the expense for these personal expenditures, and Dimco never repaid the firm for these personal expenses, which also were made in contravention of firm policy. The complaint also alleges that Dimco failed to provide information and documents requested by FINRA as part of its investigation into her unauthorized and improper use of firm funds, as well as a possible failure to disclose an OBA to the firm. The information and documents sought from Dimco were material to FINRA’s investigation into whether Dimco had improperly used firm funds and were necessary to complete its investigation into whether she had also failed to disclose an OBA to her employer. Dimco’s failure to respond to the requests impeded FINRA’s investigation into her conduct.
