Former Stifel broker barred for taking $205,000 from a client

The Financial Industry Regulatory Authority Inc. has barred Mitchell Yanow, a former broker with Stifel, Nicolaus, for using a customer's blank checks to pay for his own expenses. According to Finra, Mr. Yanow took at least $205,586 of the 87-year-old customer's funds and wrote 33 checks without the customer's consent from August 2017 through May 2018. (More:​ Former manager for New York pension fund sentenced to 21 months for taking bribes for brokers) On May 10, Stifel terminated Mr. Yanow, who worked in the firm's Boca Raton, Fla., office, because he "allegedly took money from a client account for his personal use without authorization." Mr. Yanow began his career in 1991 at Halpert & Co., and worked at four firms before joining Stifel in 2015.