Vindication for the Vindictive in FINRA?
Mitchell Atkins, who joined the NASD (FINRA’s predecessor) in 1993, was indicted that year for a fraud in connection with a charitable BINGO game. He has had to resign over the embarrassment. The Louisiana State Gaming Commission had found that Atkins’s father funnelled over $58,000 from a chartiable health-care BINGO game, which Atkins allegedly helped orchestrate. He pled guilty in 1993 to a misdemeanor, which was then “set aside” after he completed community service and paying a $500 fine.
The revelation was made by the target of one of Atkinson’s prosecutions, David Evanson, a Wisonsin broker.