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Barred Adviser Admits $3.3M Fraud Against LPL, Fidelity, TD Ameritrade
AltsWire reports that former financial adviser Andrew M. Komarow pleaded guilty to wire fraud on October 22, 2026. Federal prosecutors said three financial services companies lost approximately $3.35 million through his use of unfunded transfers into personal brokerage accounts.
According to prosecutors, Komarow requested about $8.9 million in transfers between October 2022 and February 2023 and used credited balances for short-term options trading despite insufficient bank funds. At the announcement, he remained on a $50,000 bond and sentencing had not been scheduled. The offense carries a maximum prison term of 20 years; that is not an imposed sentence.
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