The Federal Reserve Board on Tuesday announced the issuance of an Order of Prohibition and Order to Cease and Desist against Matthew T. Stromgren, a former financial advisor at J.P. Morgan Chase & Co., New York, New York.
Mr. Stromgren, without admitting to any allegations, consented to the issuance of the Order based on his alleged participation in violations of law and breaches of fiduciary duty to the bank and its customers in connection with embezzlement of funds, forgery, and falsification of the bank's books and records. The Order requires Mr. Stromgren to make restitution to the bank in the amount of $31,000.
A copy of the Order is attached.
Attachment (1.3 MB PDF)