Follow-up: Broker punished for dumping O.C. client data

Jeff Overley updates us on a previously reported breach:

A Corona del Mar mortgage broker accused of dumping his clients’ financial information into public recycling bins has had his license suspended after declining to fight the allegations.

According to state investigators, Paul Henry Reed, owner of Seaview Financial, closed his office in February, and boxes containing 350 client files subsequently turned up at an elementary school recycling center.
Files overflowing from a public recycling bin at an elementary school contained files with personal information on hundreds of clients of Seaview Financial in Corona del Mar.

The files, which contained bank statements, credit reports, completed tax returns and other sensitive data, overflowed from the top of green metal bins for several days before being retrieved by police.

Read more in the Orange County Register.

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