| 26 August 2009

We see reports today that FINRA has barred Tamara Lanz Moon from the securities industry. Ms. Moon, it appears, stole more than $850,000 from more than 22 customers at Citigroup Global Markets (C). She worked in the Palo Alto, CA offices.

Ms. Moon falsified records and entered unauthorized trades on behalf of clients she suspected wouldn't notice or who were unable to monitor their accounts. She even stole $30,000 from her father. Other victims included an 83-year-old widow. While raking it in Ms. Moon remodeled her home and bought real estate.

Ms. Moon was fired in March 2008 after eight years of sneaky behavior. While FINRA settled the case with Ms. Moon, who neither admitted nor denied the allegations, there was no word on whether the funds would be recovered or damages paid by Ms. Moon. Citigroup, however, has agreed to compensate its client.