Jeffrey C. McClure, a former broker at Wells Fargo Advisors LLC and an affiliated bank in
Chico, Calif., has been permanently barred from the securities industry for stealing from an elderly client, Finra announced Monday.

McClure wrote himself 36 checks totaling $88,850 from an elderly client’s bank account. He had access to the account because he was supposed to pay his client’s bills with the money, Finra says. The affiliated bank has repaid the client for her losses, which occurred between the end of 2012 and August of this year.

McClure neither admitted nor denied the charges but consented to the findings.

“Finra has a zero tolerance policy for brokers who steal from their clients, especially those who are the most vulnerable,” says Brad Bennett, Finra executive vice president and chief of enforcement. “Rooting out this type of misconduct and removing these kinds of bad actors from the industry is a top priority.”