Has he said "No, I got this" when the time came to compensate the fellow who inked the words "Buy Low Sell High Never Die" in an old-timey font down the left side of your neck and "Mama's Boy" down the right? Has he paid for the oil changes on your Harley? Has he helped you shop for the most luxurious of cat beds, as well as a set of duchess satin pillowcases to go with, for Mr. Whiskerson, and then winked at you and said "It's on me" at the register? If you answered no to any of the above, you might want to fire your broker and get in touch with George Carris, who knows how to treat his clients right.
The Financial Industry Regulatory Authority yesterday took action against George Carris, head of brokerage firm John Carris Investments, for allegedly misspending the Wall Street firm’s money on odd-ball purchases like tattoos parlors. According to a legal complaint filed by Finra, Carris allegedly charged his firm, located at 40 Wall Street, $600,000 in business expenses that were really personal expenses. They included a whopping $10,554 for purchases at a tattoo parlor, $5,987 for pet care, and $5,317 for motorcycle expenses that Carris improperly labeled as “business gifts,” Finra said. Carris marked another $39,041 as “entertainment expenses” even though they included $6,790 for “firearms-related expenses,” and $3,226 for “purchases at alcohol retailers,” Finra said.