Donovan Archer

Donovan Archer (CRD #4781588, Registered Representative, Joshua Tree, California) submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any NASD member in any capacity. Without admitting or denying the findings, Archer consented to the described sanction and to the entry of findings that, while employed as a teller with a bank, he deposited checks totaling $23,000 into his personal checking account knowing that there were insufficient funds in the drawer's account to cover these checks. The findings stated that Archer overrode the bank hold on the funds through the use of another bank employee's computer terminal and immediately thereafter, made withdrawals from his account, thereby misappropriating $23,000 of the bank's funds. (NASD Case #20050024933-01)

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The Law Office of David Liebrader, Inc.


601 S. Rancho Drive, Ste.#D-29
Las Vegas, NV 89106
Phone: 702-380-3131
Fax: 702-380-3102
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