Finra Suspends Trump’s Former Personal Banker
The Financial Industry Regulatory Authority has suspended former President Donald Trump’s longtime personal banker, Rosemary Vrablic, according to regulatory filings.
Vrablic could not immediately be reached at publicly listed numbers. She said in a statement at the time of her departure in January that she was “looking forward” to retirement.
A spokeswoman for Finra, the brokerage industry’s self-regulator, declined to comment on the suspension or what information it had been seeking in its review. Finra routinely conducts individual enforcement inquiries based on firms’ U5 filings.
The former banker came under the spotlight last year as prosecutors and congressional Democrats homed in on Trump’s financial dealings. “The New York Times” highlighted Vrablic’s role as a central figure and “rainmaker” at the bank who had arranged hundreds of millions of loans for Trump and his family businesses, including some that have been the subject of an investigation by the Manhattan district attorney’s office.
Vrablic left Deutsche Bank amid charges of an undisclosed outside real estate business, according to the bank’s U5 filing on her BrokerCheck record. The bank alleged she had purchased property from a client-managed entity and created an unapproved holding company to manage the investment.
Deutsche Bank in August last year began investigating her purchase of a Park Avenue apartment from an entity related to Trump’s son-in-law, Jared Kushner, according to media reports at the time. Vrablic had worked with Trump as a bank client since 2011, according to the reports.
Vrablic started her career at Banc of America Investment Services in 2001 and joined Deutsche in 2006, according to her BrokerCheck record.
Finra, which has been focused for years on brokers’ unreported outside activities, also suspended Vrablic’s former Deutsche colleague, Dominic Scalzi. Scalzi had also resigned in December amid related allegations tied to the real estate transaction and also did not cooperate with the regulator’s request for information, according to his BrokerCheck. He could not immediately be reached for comment.
A Deutsche spokesman declined to comment. The bank has said it cut ties with the former president after the January 6 riots on Capitol Hill.