Forgery

Archive | Forgery

FINRA Bars Stockbroker For Unsuitable Investment Advice

April 19, 2019  |   Posted by :   |   Annuity Schemes, Forgery, Stockbroker Fraud News   |   0 Comments

Frederick David Holloway of Easton Maryland a stockbroker formerly employed by Holloway Associates Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to an Amended Hearing Panel Decision containing findings that (1) Holloway made bad annuity recommendations to customers of the firm and (2) Holloway omitted […]

Read More »

FINRA Suspends Raymond James Stockbroker For Forgery

April 19, 2019  |   Posted by :   |   Forgery, Stockbroker Fraud News   |   0 Comments

Denise Marie Bucci of Conshohocken Pennsylvania a stockbroker formerly employed by Raymond James Financial Services Inc. has been fined $7,500.00 and suspended for one year from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Bucci falsified and forged customer signatures on documents used to effect investment transactions […]

Read More »

Pruco Fires Stockbroker For Outside Business Activities

Joseph Peter Gulbin Jr. of Shelton Connecticut a stockbroker formerly employed by Pruco Securities LLC has been discharged by the firm on November 9, 2018 founded on accusations that (1) Gulbin participated in outside business activities which had not been disclosed to Pruco Securities or approved by the firm and (2) Gulbin furnished insurance policy […]

Read More »

Allstate Financial Broker Sanctioned By FINRA For Forgery

April 10, 2019  |   Posted by :   |   Forgery, Stockbroker Fraud News   |   0 Comments

Robert L. Bryant III of Lincoln Nebraska a stockbroker formerly registered with Allstate Financial Services LLC has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Bryant forged customer account documents and caused Allstate Financial Services to hold false […]

Read More »

Summit Fires Stockbroker For Unauthorized Activities

April 10, 2019  |   Posted by :   |   Forgery, Stockbroker Fraud News, Unauthorized Trading   |   0 Comments

Eric John Zebrauskas of Carmel Indiana a stockbroker formerly employed by Summit Brokerage Services Inc. has been discharged on October 3, 2018 supported by accusations of Zebrauskas causing a customer to furnish signed but blank documents to effect investment transactions. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that this is not the first time […]

Read More »

BBVA Stockbroker Fired For Altering Retirement Account Beneficiaries

April 10, 2019  |   Posted by :   |   Forgery, Stockbroker Fraud News   |   0 Comments

Joshua D. Griffin of Birmingham Alabama a stockstockbroker formerly employed by BBVA Securities Inc. has been terminated by the firm on July 7, 2018 during which time Griffin had been suspended and investigated by the firm concerning allegations of (1) Griffin’s impermissible altering of a customer’s individual retirement account certificate of deposit beneficiary designation and […]

Read More »

ProEquities Fires Broker For Altering Customer Forms

March 28, 2019  |   Posted by :   |   Forgery, Stockbroker Fraud News   |   0 Comments

Matthew Kenneth Arbo of Portland Maine a stockbroker formerly employed by ProEquities Inc. has been discharged by the firm on October 19, 2018 supported by allegations that (1) Arbo lied to regulators concerning the authenticity of a signature placed on customer account documents and (2) Arbo utlized reused or altered signatures on customer account documents […]

Read More »

Regulator Sanctions SunTrust Broker For Forgery

March 07, 2019  |   Posted by :   |   Forgery, Stockbroker Fraud News   |   0 Comments

Anthony Kevin Swart (also known as Tony Swart) of Longboat Key Florida a stockbroker formerly employed by SunTrust Investment Services Inc. is the subject of an Order issued by The State of Michigan Department of Licensing and Regulatory Affairs which directed Swart to withdrawal his securities agent registration in the State of Michigan based upon […]

Read More »

Investment Center Stockbroker Criminally Charged With Fraud

Leon William Vaccarelli of Waterbury Connecticut a stockbroker formerly registered with The Investment Center has been indicted for wire fraud and mail fraud based on allegations that he engaged in a scheme which victimized elderly customers. United States v. Leon Vaccarelli No. 18-cr-g2-SRU (D. Conn May 2, 2018). In a parallel matter, Vaccarelli was charged […]

Read More »

Accelerated Capital Group Blasted For Churing Customer Accounts

Accelerated Capital Group a brokerage firm headquartered in California has been censured and fined $400,000.00 by Financial Industry Regulatory Authority (FINRA) founded on accusations that the firm’s brokers: (1) executed unauthorized trades in customer accounts (2) sold customers investments that were not suitable for them and (3) executed trades in customer accounts on an excessive […]

Read More »

JP Morgan Accused By Investors Of Investment Fraud

Bradley Scott Cooperman of San Diego California a stockbroker currently registered with J.P. Morgan Securities LLC is referenced in a customer initiated investment related written complaint on July 14, 2016 in which the customer sought $11,060.56 in damages based upon accusations that (1) unauthorized trades were executed in the customer’s managed investment account (2) misrepresentations […]

Read More »

LPL Financial Broker Blamed For Forging REIT Disclosures

February 20, 2019  |   Posted by :   |   Forgery, Non-traded REITs, Stockbroker Fraud News   |   0 Comments

Diane Marie Knight of Chico California a stockbroker formerly employed by LPL Financial LLC is referenced in a customer initiated investment related written complaint on January 26, 2017 where the customer sought $50,000.00 in damages supported by accusations that while Knight was associated with LPL Financial LLC unauthorized parties signed documents to effect real estate […]

Read More »

Ameritas Sued By Investors For Fraud

Marc Charles Harary of New York New York a stockbroker formerly employed by Ameritas Investment Corp. is referenced in a customer initiated investment related arbitration claim which was settled to resolve accusations that (1) contractual obligations to the customer had been breached (2) fiduciary duties were breached (3) account transactions were handled negligently (4) the […]

Read More »

Stifel Nicolaus Sued By Investors For Securities Fraud

Michael Joseph Dorsey of Honolulu Hawaii a stockbroker currently registered with Stifel Nicolaus Company Incorporated is the subject of a customer initiated investment related arbitration claim which was settled for $50,000.00 in damages founded on accusations of (1) violation of New York Stock Exchange (NYSE) and FINRA Rules (2) violation of federal and state securities […]

Read More »

Investors Catch MML Twisting Annuity Policies

Thomas John Leone of Farmington Connecticut a stockbroker formerly registered with MML Investors Services is referenced in a customer initiated investment related written complaint which was settled on May 10, 2018 to resolve accusations that (1) the customer’s assets had been inappropriately transferred a number of times between annuities and mutual funds and (2) the […]

Read More »

UBS Broker Fired For Hiding Customer Complaints

February 05, 2019  |   Posted by :   |   FINRA Securities Arbitration, Forgery, Stockbroker Fraud News   |   0 Comments

Tami Lynne Aloisa of Norfolk Virginia a stockbroker formerly registered with UBS Financial Services has been discharged by the firm on August 17, 2017 supported by allegations that (1) Aloisa failed to abide by the firm’s policies concerning customer complaints (2) Aloisa used unauthorized communication channels and (3) Aloisa provided unapproved documentation to a person […]

Read More »

FINRA Bars MetLife Stockbroker For Elder Abuse

Peter Orlando of Warwick Rhode Island a stockbroker formerly registered with MetLife Securities Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity according to a FINRA Office of Hearing Officers Hearing Panel Decision containing findings that (1) Orlando made unsuitable investment recommendations to an elderly customer and […]

Read More »

Deutsche Bank Broker Accused By Investor Of Forgery

February 05, 2019  |   Posted by :   |   Forgery, Stockbroker Fraud News, Unauthorized Trading   |   0 Comments

Paul P. Ruane of New York New York a stockbroker formerly employed by Deutsche Bank Securities Inc. is referenced in a customer initiated investment related written complaint on June 19, 2015 where the customer sought damages estimated to exceed $5,000.00 supported by accusations that Ruane executed transactions in a customer’s account with knowledge that the […]

Read More »

Edward Jones Brokers Terminated For Misconduct

February 05, 2019  |   Posted by :   |   Failure to Diversify, Forgery, Stockbroker Fraud News, Suitability   |   0 Comments

Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that registered representatives of Edward Jones including Bruce Stanley Jakiel, Derek Strubel, John Burton Enoch Cestia II, Leslie Greenman and Tahnee Allman have been terminated by the firm founded on Edward Jones’ allegations of their violative conduct while they were employed by the firm. Bruce Stanley Jakiel […]

Read More »

Bolton Global Broker Admits to Unauthorized Trading

Bruce Anthony Zaro of Plymouth Massachusetts a stockbroker formerly employed by Bolton Global Capital has been fined $5,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Zaro signed customers’ names on account documentation without authorization to effect transactions in […]

Read More »

Raymond James Broker Fired For Falsifying Customer Information

January 29, 2019  |   Posted by :   |   FINRA Securities Arbitration, Forgery, Stockbroker Fraud News   |   0 Comments

Barry Walter Wold of Edina Minnesota a stockbroker formerly registered with Raymond James Associates Inc. has been discharged by the firm on January 5, 2018 founded on accusations that (1) Wold did not abide by the firm’s policy concerning the switching of customers’ commission-based account to fee-based accounts (2) Wold potentially falsified information about his […]

Read More »

H. Beck Fires Broker For Altering Customer Documents

January 29, 2019  |   Posted by :   |   FINRA Securities Arbitration, Forgery, Stockbroker Fraud News   |   0 Comments

Gary Clifford Smith of Southern Pines North Carolina a stockbroker formerly employed by H. Beck Inc. has been discharged by the firm on September 8, 2016 founded on accusations that Smith altered customer account documentation in violation of H. Beck policy. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Smith has been identified in […]

Read More »

Merrill Lynch Broker Admits To Altering Customer Documents

January 29, 2019  |   Posted by :   |   FINRA Securities Arbitration, Forgery, Stockbroker Fraud News   |   0 Comments

Adriane L Cagle of Peachtree City Georgia a stockbroker formerly employed by Merrill Lynch Pierce Fenner Smith Inc. has been fined $5,000.00 and suspended for two months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Cagle altered customer account documents without authorization. Letter of […]

Read More »

FINRA Bars Wells Fargo Broker In Investigation

January 28, 2019  |   Posted by :   |   Forgery, Stockbroker Fraud News   |   0 Comments

Veronica Azucena Lopez of Jupiter Florida a stockbroker formerly registered with Wells Fargo Advisors LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon accusations that Lopez failed to comply with FINRA’s request for her information. Case No. 2017053274401 (Jan. 29, 2018). According to FINRA Public […]

Read More »

World Capital Broker Barred For Falsifying Documents

January 28, 2019  |   Posted by :   |   FINRA Securities Arbitration, Forgery, Stockbroker Fraud News   |   0 Comments

Mark Isidore Lamendola of Cranberry Township Pennsylvania a stockbroker formerly registered with World Capital Brokerage Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that (1) Lamendola made misrepresentations to a customer and falsified documents pertaining to a customer’s annuity purchase and […]

Read More »

FINRA Catches Edward Jones Broker Altering New Account Forms

January 19, 2019  |   Posted by :   |   Forgery, Stockbroker Fraud News, Unauthorized Trading   |   0 Comments

Donald Logan of Silverdale Washington a stockbroker formerly employed by Edward Jones has been fined $25,000.00 and suspended for eighteen months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based in part upon consenting to findings that Logan effected unauthorized trades in customer accounts and caused customers to sign incomplete […]

Read More »

FINRA Bars Morgan Stanley Broker In Investigation

Daniel Todd Levine of Greenwood Village Colorado a stockbroker formerly employed by Morgan Stanley has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Levine failed to cooperate with FINRA’s investigation into accusations that (1) Levine engaged in unauthorized trading of customer accounts […]

Read More »

SunTrust Broker Discharged For Altering Investor Documentation

January 19, 2019  |   Posted by :   |   FINRA Securities Arbitration, Forgery, Stockbroker Fraud News   |   0 Comments

Ahmet Kildis of Hudson Florida a stockbroker formerly registered with SunTrust Investment Services Inc. has been discharged by the firm on March 13, 2018 based upon accusations that Kildis modified a customer’s signed documentation in violation of the firm’s policies. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Kildis has been identified in two […]

Read More »

FINRA Bars JP Morgan Broker In Theft Investigation

January 19, 2019  |   Posted by :   |   Forgery, Stockbroker Fraud News, Stockbroker Theft   |   0 Comments

Michael Patrick Nanto of Del Mar California a stockbroker formerly employed by J.P. Morgan Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on allegations that Nanto failed to comply with FINRA during an inquiry into Nanto’s activities. Case No. 2017054342001 (May 24, 2018). According […]

Read More »

NYLife Broker Barred In FINRA Inquiry

January 19, 2019  |   Posted by :   |   Forgery, Stockbroker Fraud News   |   0 Comments

Douglas Anthony Rabess of New Windsor Connecticut a stockbroker formerly registered with NYLife Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that Rabess failed to comply with FINRA’s inquiries about his activities. Case No. 2016050595002 (Sept. 5, 2017). According to FINRA Public […]

Read More »

MML Investors Blamed For Defective Investment Advice

Nicola Ottavio Caporaso of Melville New York a stockbroker formerly registered with MML Investors is referenced in a customer initiated investment related written complaint which was resolved for $20,000.00 on January 26, 2018 supported by allegations that (1) Caporaso inappropriately advised customers to surrender their annuity investments and use the proceeds for managed account investments […]

Read More »

Regulator Catches LPL Broker Alterting Documents

January 06, 2019  |   Posted by :   |   FINRA Securities Arbitration, Forgery, Stockbroker Fraud News   |   0 Comments

Marie P. Goforth of San Antonio Texas a stockbroker formerly employed by LPL Financial LLC has been suspended by the Texas State Securities Commissioner from engaging in securities business in the State of Texas according to findings that Goforth maintained blank forms signed by customers and reused customer signatures to effect securities transactions. Acceptance Waiver […]

Read More »

MML Investor Services Broker Caught Lying By Regulators

January 06, 2019  |   Posted by :   |   FINRA Securities Arbitration, Forgery, Stockbroker Fraud News   |   0 Comments

Matthew Stanley Sinclair of Elmsford New York a stockbroker currently registered with MML Investors Services LLC has been fined by State of New York Department of Financial Services supported by accusations that Sinclair gave a customer life insurance documentation containing false information. Case No. 2017-0056-S (May 19, 2017). Financial Industry Regulatory Authority (FINRA) Public Disclosure […]

Read More »

Raymond James Sued By Investors For Theft

January 03, 2019  |   Posted by :   |   Embezzlement, Forgery, Stockbroker Fraud, Stockbroker Fraud News   |   0 Comments

Donald Marshall Cox a stockbroker currently employed by Raymond James Associates Inc. is referenced in a customer initiated investment related civil action in which the customer sought $2,000,000.00 in damages based upon allegations that between April of 2011 and November of 2015: (1) the customer’s funds were converted (2) the customer’s signature had been forged […]

Read More »

Citizens Securities Broker Discharged For Blank Form Hanky Panky

December 21, 2018  |   Posted by :   |   Forgery, Stockbroker Fraud News   |   0 Comments

Elizabeth Ann Thompson of Gloucester Massachusetts a stockbroker formerly employed by Citizens Securities Inc. has been discharged on September 24, 2018 founded on accusations that Thompson maintained signed blank forms from customers to effect securities transactions. This is not the first time that Thompson has been terminated from a FINRA member brokerage firm based upon […]

Read More »

Investors Accuses NYLife Of Unauthorized Annuity Purchases

William Andrew Doran of Johnston South Carolina a stockbroker currently registered with NYLife Securities LLC is referenced in a customer initiated investment related written complaint which settled for $15,916.72 on June 29, 2017 based upon allegations that Doran forged the customers’ signatures on variable annuity and insurance documents to effect multiple policy purchases between June […]

Read More »

PFS Investments Discharges Broker For Forgery

November 30, 2018  |   Posted by :   |   FINRA Securities Arbitration, Forgery, Stockbroker Fraud News   |   0 Comments

Vitthal Mathurbmas Patel of Denville New Jersey a stockbroker formerly employed by PFS Investments Inc. has been discharged by the firm on August 27, 2018 founded on accusations that Patel forged a customer’s signature to an account document. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that on December 17, 2002, a customer filed an […]

Read More »

National Planning Corporation Terminates Broker For Cause

November 23, 2018  |   Posted by :   |   Forgery, Stockbroker Fraud News   |   0 Comments

Katherine Anne Praydick-Meo (also known as Katherine Anne Salvato) of Naples Florida a stockbroker formerly employed by National Planning Corporation has been discharged on May 19, 2017 supported by accusations that Praydick-Meo violated the firm’s policies by permitting customer account forms to be re-used and documents to be provided by customers that contained signed but […]

Read More »

Investors Sue Oppenheimer’s Best For The Worse Trading

David Warg Best of Bethlehem Pennsylvania a stockbroker formerly employed by Oppenheimer & Co. Inc. is referenced in a customer initiated investment related complaint on August 18, 2017 where the customer sought $1,000,000.00 in damages supported by accusations that (1) unsuitable closed-end fund and stock transactions had been executed in the customer’s investment account (2) […]

Read More »

State Farm VP Management Broker Suspended For Forgery

November 03, 2018  |   Posted by :   |   Annuity Schemes, Forgery, Stockbroker Fraud News   |   0 Comments

Steven John Sosnowski of Bloomington Illinois a former State Farm VP Management Corp. registered representative has been fined $5,000.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he forged a customer’s signature on a life insurance policy. Letter of […]

Read More »

WFG Broker Terminated For Unauthorized Activities

November 03, 2018  |   Posted by :   |   Forgery, Stockbroker Fraud News   |   0 Comments

Janice Ann Williams-Mayhew of Okemos Michigan a stockbroker formerly employed by WFG Investments Inc. has been discharged by the firm on March 22, 2017 supported by allegations that Williams-Mayhew placed an investor’s signature on a Representative Change Request form in regards to an annuity contract despite that investor not having been a customer of WFG […]

Read More »

Hornor Townsend Discharges Broker For Violating Policy

October 22, 2018  |   Posted by :   |   Forgery, Stockbroker Fraud News   |   0 Comments

Janie Garza-Clark of Scottsdale Arizona a stockbroker formerly employed by Hornor Townsend Kent Inc. has been discharged by the firm on December 1, 2015 founded on allegations that Garza-Clark violated the firm’s polices. Hornor Townsend Kent Inc. accused Garza-Clark of failing to conform to the firm’s policies concerning the handling of customer account applications; handling […]

Read More »

Valic Financial Broker Discharged For Forgery

Kyle Michael Marburger of Carmel Indiana a stockbroker formerly employed by Valic Financial Advisors Inc. has been discharged by the firm on December 27, 2016 founded on allegations that Marburger forged a customer’s signature on annuity documentation to establish an annuity contract. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that approximately one month before […]

Read More »

MSI Financial Accused By Investors Of Fraud

October 04, 2018  |   Posted by :   |   Annuity Schemes, Forgery, Stockbroker Fraud News   |   0 Comments

Mark Andrew Cramer of LaRue Ohio a stockbroker formerly registered with MSI Financial Services Inc. is the subject of a customer initiated investment related written complaint which was resolved for $456,990.00 on June 11, 2018 founded on allegations that (1) Cramer provided documentation containing forged customer signatures to an insurance company so that he could […]

Read More »

Dempsey Lord Smith Terminates Broker For Customer Loans

September 28, 2018  |   Posted by :   |   Forgery, Misappropriation of Funds, Stockbroker Fraud News   |   0 Comments

Michael Paul Lessard Jr. of Rock Hill South Carolina a stockbroker formerly employed by Dempsey Lord Smith LLC and representative of Palmetto Premier Advisors has been terminated from those firms between May 9, 2018 and July 3, 2018 founded on accusations that Lessard “borrowed funds” belonging to a customer in violation of the firm’s policy. This […]

Read More »

Investors Sue RBC Capital For Bad Investments

August 25, 2018  |   Posted by :   |   FINRA Securities Arbitration, Forgery, Stockbroker Fraud News   |   0 Comments

Stuart Myles Godin of Century City California a stockbroker formerly employed by RBC Capital Markets LLC is referenced in a customer initiated investment related arbitration claim which was resolved for $20,000.00 in damages founded on allegations that between November of 2012 and March of 2016, Godin made unsuitable recommendations to the customer concerning futures and […]

Read More »

PFS Fires Stockbroker For Sales Practice Violations

August 25, 2018  |   Posted by :   |   Boilerroom, Forgery, Stockbroker Fraud News   |   0 Comments

Arturo Alejandro Nunez of Miami Lakes Florida a stockbroker registered with PFS Investments Inc. has been discharged on October 20, 2017 founded on accusations of the ceasing of all contractual arrangements between Nunez and the firm and its affiliates. The firm contended that Nunez had unresolvable issues related to his sales practices. Nunez has previously […]

Read More »

JP Morgan Fires Broker For Unauthorized Document Tampering

August 13, 2018  |   Posted by :   |   Forgery, Stockbroker Fraud News   |   0 Comments

Mona Kay Milligan (also known as Mona Kay Darst) of Litchfield Park Arizona a stockbroker formerly registered with J.P. Morgan Securities LLC has been discharged by the firm on December 12, 2017 for engaging in “unauthorized activities” based upon allegations that Milligan procured signed but otherwise blank customer account documents for purposes of effecting investment […]

Read More »

NYLife Securities Broker Terminated Forgery

August 01, 2018  |   Posted by :   |   Forgery, Stockbroker Fraud News   |   0 Comments

Mark Perlman of Stratford Connecticut a former registered representative of NYLife Securities LLC has been terminated by the firm on November 21, 2017 based upon accusations that he committed a violation of NYLife’s policy by “failing to acquire authentic signatures of customers” on traditional life insurance policy documentation. Financial Industry Regulatory Authority (FINRA) Public Disclosure […]

Read More »

Northwestern Terminates Broker Amid Internal Investigation

July 31, 2018  |   Posted by :   |   Annuity Schemes, Forgery, Stockbroker Fraud News   |   0 Comments

William Thomas Kastelz of Jacksonville Florida a stockbroker formerly employed by Northwestern Mutual Investment Services LLC has been terminated from the firm on May 18, 2018 during an investigation into Kastelz’s potential involvement in placing unauthentic customer signatures on annuity and life insurance documentation. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Kastelz has […]

Read More »

SunTrust Stockbroker Admits Forgery

July 16, 2018  |   Posted by :   |   Forgery, Stockbroker Fraud News   |   0 Comments

Matthew Alan Morris of Hopewell Virginia a stockbroker formerly employed by SunTrust Investment Services Inc. has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he forged signatures on account documentation. Letter of Acceptance Waiver and Consent […]

Read More »

ProEquities Stockbroker Forgery

July 16, 2018  |   Posted by :   |   Forgery, Stockbroker Fraud News   |   0 Comments

Clifford William Shirah of Blue Ridge Georgia a stockbroker formerly registered with ProEquities Inc. is the subject of a State of Michigan Department of Licensing and Regulatory Affairs Securities Bureau Order which denied Shirah’s securities agent registration in Michigan based upon findings that Shirah engaged in unethical or dishonest conduct involving customers. In the Matter […]

Read More »

Bolton Global Terminates Broker Over Unauthentic Forms

June 30, 2018  |   Posted by :   |   Forgery, Stockbroker Fraud News   |   0 Comments

Bruce Anthony Zaro of Plymouth Massachusetts a stockbroker formerly employed by Bolton Global Capital has been terminated on January 30, 2018 founded on allegations that Zaro furnished customer account documents to the firm that the customer’s beneficiaries apparently never signed. FINRA Public Disclosure additionally reveals that on May 24, 2000, a customer initiated investment related […]

Read More »

Bankers Life Discharges Broker In Investigation

June 25, 2018  |   Posted by :   |   Forgery, Stockbroker Fraud News   |   0 Comments

Ryan Owen Tarjanyi of Kettering Ohio a stockbroker employed by Bankers Life Securities Inc. has been discharged by the firm on March 30, 2018 based upon allegations that Tarjanyi failed to be forthcoming in an investigation into his activities. FINRA Public Disclosure additionally reveals that on February 20, 2018, a customer initiated investment related complaint […]

Read More »

FINRA Bars Northwestern Bowen In Investigation

June 21, 2018  |   Posted by :   |   Forgery, Stockbroker Fraud News   |   0 Comments

Donnell Noah Bowen of Washington District of Columbia a former Northwestern Mutual Investment Services LLC registered representative has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to testify before FINRA personnel and provide documentation relating to an investigation into accusations […]

Read More »

FINRA Investigates Morgan Stanley Broker For Forgery

June 12, 2018  |   Posted by :   |   Forgery, Stockbroker Fraud News   |   0 Comments

Michael Scott Christians of Plano Texas a stockbroker formerly employed by Morgan Stanley Smith Barney LLC is the subject of a Financial Industry Regulatory Authority (FINRA) investigation into allegations that Christians forged a customer’s signature on account documentation. FINRA Public Disclosure confirms that Christians has been discharged by Morgan Stanley on January 3, 2018 based […]

Read More »

Charles Schwab Broker Barred By Regulator For Forgery

May 31, 2018  |   Posted by :   |   Forgery, Stockbroker Fraud News   |   0 Comments

John Francis Wilson of Hingham Massachusetts a stockbroker formerly registered with Charles Schwab Co. Inc. has been permanently barred in all capacities by the Securities Division of the Commonwealth of Massachusetts based upon Wilson’s consent to findings that he forged a customer’s signature on an annuity application in violation of Sections 101 and 204(a)(2)(G) of […]

Read More »

Lincoln Financial Stockbroker Terminated For Cause

May 31, 2018  |   Posted by :   |   Annuity Schemes, Forgery, Stockbroker Fraud News   |   0 Comments

Kevin Ung of Virginia Beach Virginia a stockbroker formerly employed by Lincoln Financial Securities Corporation has been discharged by the firm on February 9, 2018 based upon accusations that Ung violated the firm’s policies by altering customer account documentation wherein Ung placed an unauthentic customer signature on a variable universal life insurance form. Financial Industry […]

Read More »

Westport Capital Broker Barred In Investigation

May 29, 2018  |   Posted by :   |   Forgery, Stockbroker Fraud News   |   0 Comments

Emil John Skyba of Westport Connecticut a stockbroker formerly registered with Westport Capital Markets LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he obstructed a FINRA investigation into accusations that he altered customer account documents. Letter of Acceptance Waiver and […]

Read More »

ProEquities Broker Fined For Unauthorized Transactions

May 29, 2018  |   Posted by :   |   Forgery, Stockbroker Fraud News   |   0 Comments

Ricky Mills Higgins of Spartanburg South Carolina a stockbroker formerly employed by ProEquities Inc. has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he utilized signed but otherwise blank forms to effect mutual fund transactions in […]

Read More »

FINRA Bars CUNA Stockbroker In Investigation

May 17, 2018  |   Posted by :   |   Forgery, Selling Away, Stockbroker Fraud News   |   0 Comments

Stacy Elizabeth Cheney-Jamison of Boca Raton Florida a stockbroker formerly registered with CUNA Brokerage Services Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that she failed to provide documentation and information to FINRA in an investigation into allegations of Cheney-Jamison selling […]

Read More »

FINRA Bars NYLife Broker For Forgery

May 17, 2018  |   Posted by :   |   Forgery, Stockbroker Fraud News   |   0 Comments

Craig Eugene Walker of Ridgeland Mississippi a registered representative of NYLife Securities LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he signed a customer’s name on an annuity application without the customer’s authorization to effect the purchase of an annuity. […]

Read More »

Customer Accuses Santander Securities Of Forgery

May 01, 2018  |   Posted by :   |   Forgery, Stockbroker Fraud News   |   0 Comments

Gina Marie Bert-Zatto of Plainville Connecticut a stockbroker formerly registered with Santander Securities LLC is the subject of a customer initiated investment related written complaint which was resolved for $16,033.75 in damages on December 29, 2016 founded on accusations of forgery of customer account documentation and losses relating to the customer’s market linked certificate of […]

Read More »

Alexander Capital Fires Broker For Falsifying Documents

April 27, 2018  |   Posted by :   |   Forgery, Stockbroker Fraud News   |   0 Comments

Florence Marie Simeon of New York New York a stockbroker formerly registered with Alexander Capital L.P. has been terminated on April 27, 2016 based upon allegations that Simeon falsified documents while associated with the firm. Financial Industry Regulatory Authority (FINRA) Public Disclosure also reveals that a customer initiated investment related arbitration claim regarding Simeon’s conduct […]

Read More »

Customer Accuses Northwestern Mutual Of Forgery

April 18, 2018  |   Posted by :   |   Forgery, Stockbroker Fraud News   |   0 Comments

Meaghan Marie Johnson of McLean Virginia is a former Northwestern Mutual Investment Services LLC registered representative who is the subject of a customer initiated investment related written complaint on November 28, 2017 in which the customer requested $46,808.90 in damages founded on allegations that Johnson forged the customer’s signatures on life insurance policy documentation and […]

Read More »

Wells Fargo Fires Broker For Altering Customer Documents

March 22, 2018  |   Posted by :   |   Forgery, Stockbroker Fraud News   |   0 Comments

Thomas George Sandkamp of Ontario California is a stockbroker formerly registered with Wells Fargo Advisors LLC who was fired on May 12, 2016 supported by allegations that he altered customer account documentation after the document had already been executed by the customer. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Sandkamp has been referenced […]

Read More »

FINRA Revokes Registration Of Cambridge Stockbroker

March 22, 2018  |   Posted by :   |   Annuity Schemes, Forgery, Stockbroker Fraud News   |   0 Comments

Steven Michael Wisniewski of Phoenixville Pennsylvania is a stockbroker formerly registered with Cambridge Investment Research, Inc. whose securities registration has been revoked by Financial Industry Regulatory Authority (FINRA) supported by allegations that Wisniewski failed to pay a fine to FINRA in connection with a disciplinary action in which he was found to have committed conduct […]

Read More »

Northwestern Terminates Stockbroker For Forgery

March 12, 2018  |   Posted by :   |   Forgery, Stockbroker Fraud News   |   0 Comments

Donnell Noah Bowen of Washington DC is a stockbroker formerly registered with Northwestern Mutual Investment Services who has been terminated from employment on January 13 2017 based upon allegations that Bowen left the firm during a time that it investigated him for forging a customer’s signature on account documentation. Financial Industry Regulatory Authority (FINRA) Public […]

Read More »

Customer Accuses JP Morgan Of Unauthorized Transactions

March 11, 2018  |   Posted by :   |   Forgery, Stockbroker Fraud News   |   0 Comments

May Hongying Miao of Pasadena California is a stockbroker formerly registered with J.P. Morgan Securities LLC who is the subject of a customer initiated investment related complaint on December 9 2016 in which the customer requested more than five thousand dollars in damages supported by accusations that unauthentic signatures of the customer had been utilized […]

Read More »

First Allied Fires Broker For Falsifying Signatures

March 07, 2018  |   Posted by :   |   Forgery, Stockbroker Fraud News   |   0 Comments

Sean Aaron Brady of Saint Louis Missouri is a stockbroker formerly registered with First Allied Securities Inc. who has been fired on October 20 2017 supported by allegations that Brady violated the firm’s policies relating to the falsification of signatures on customer account documentation and improper use of consolidated account statements. Financial Industry Regulatory Authority […]

Read More »

LPL Financial LLC Terminates Stockbroker For Cause

March 07, 2018  |   Posted by :   |   Forgery, Stockbroker Fraud News   |   0 Comments

Marilyn Ashley Rios of Portsmouth New Hampshire is a stockbroker formerly registered with LPL Financial LLC who was fired on November 15 2016 supported by allegations that she violated LPL Financial LLC’s policy in reference to customer account signatures. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that on September 26, 2017, a customer initiated […]

Read More »

Pruco Broker Terminated For Reusing Customer Signatures

January 10, 2018  |   Posted by :   |   Forgery, Stockbroker Fraud News   |   0 Comments

Kwimin Ahn of New York, New York, a stockbroker formerly registered with Pruco Securities, LLC, has been terminated from employment on May 25, 2017, based upon accusations that he violated the firm’s policies by reusing customer signatures on an annuity application and transfer documents in order to effect transactions. Financial Industry Regulatory Authority (FINRA) Public Disclosure […]

Read More »

Northwestern Broker Terminated For Misusing Signatures

January 10, 2018  |   Posted by :   |   Forgery, Stockbroker Fraud News   |   0 Comments

Judie Marie Borden of Kalamazoo, Michigan, a stockbroker registered with Northwestern Mutual Investment Services, LLC, was terminated on September 7, 2017, based upon a customer’s allegations that Borden inappropriately placed the customer’s signature on account distribution documents. Particularly, Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that on August 28, 2017, a customer filed an investment […]

Read More »

FINRA Suspends Questar Broker For Misleading Investors

December 23, 2017  |   Posted by :   |   Forgery, Stockbroker Fraud News   |   0 Comments

Tommy Huy Mai, of Westminster, California, a stockbroker formerly registered with Questar Capital Corporation, has been fined $10,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he forged customer signatures on account documentation and communicated misleading information about securities […]

Read More »

FINRA Suspends Edward Jones Stockbroker For Forgery

December 15, 2017  |   Posted by :   |   Forgery, Stockbroker Fraud News   |   0 Comments

Benjamin J. Herauf, of Dickinson, North Dakota, a stockbroker registered with Edward Jones, has been fined $5,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he forged a customer’s account documentation. Letter of Acceptance, Waiver and Consent, No. 2016052114701 […]

Read More »

Ridgeway Conger Broker Charged With Unsuitable Recommendations

November 28, 2017  |   Posted by :   |   Forgery, Unauthorized Trading   |   0 Comments

Brian Joseph Panfil of New Woodstock, New York, a stockbroker formerly registered with Ridgeway & Conger, Inc., has been charged by Financial Industry Regulatory Authority Department of Enforcement in a Complaint alleging that he effected unsuitable trades in customer accounts, forged signatures of customers on account documentation, and placed trades without authorization. Department of Enforcement […]

Read More »

Raymond James Broker Barred For Stealing

November 20, 2017  |   Posted by :   |   Forgery, Misappropriation of Funds, Stockbroker Fraud News   |   0 Comments

Paul Anthony Steffany, of Westport, Connecticut, a stockbroker formerly registered with Raymond James & Associates, Inc., is the subject of an Order Issued by the Banking Commissioner of the State of Connecticut which permanently barred him from engaging in business as an investment advisor, broker-dealer, investment adviser agent, or broker-dealer agent. In the Matter of […]

Read More »

GWN Registered Representative Barred For Obstruction

November 07, 2017  |   Posted by :   |   Forgery, Mutual Fund Fraud   |   0 Comments

William H. Paterson, of Palm Beach Gardens, Florida, a former GWN Securities, Inc. registered representative, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he obstructed a FINRA investigation into allegations of his sales practice violations as alleged within a customer initiated […]

Read More »

Customer Sues UBS For Unauthorized Transactions

November 07, 2017  |   Posted by :   |   Forgery   |   0 Comments

Christopher Joseph Wenner of Atlanta, Georgia, a stockbroker formerly registered with UBS Financial Services, has been named in a customer initiated investment related civil action on July 27, 2017, in which the customer requested $360,000.00 in damages based upon allegations that Wenner failed to identify that between October of 2013 and July of 2016, forged distribution […]

Read More »

HBW Securities Fires Broker For Forging Documents

October 05, 2017  |   Posted by :   |   Forgery   |   0 Comments

Joseph William Petry, of Latham, New York, a stockbroker formerly registered with HBW Securities LLC, was fired on March 10, 2016, founded upon accusations that he furnished customer trading documentation to his firm that contained forged signatures. The firm alleged that Petry caused customers to hand him signed yet blank documents so that Petry would […]

Read More »

Regulator Bars Lincoln Financial Broker For Lying

October 05, 2017  |   Posted by :   |   Forgery   |   0 Comments

William F. Garbarino, of Danbury, Connecticut, a stockbroker formerly registered with Lincoln Financial Advisors Corporation, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon Garbarino’s consent to findings that he provided FINRA with false testimony concerning incomplete and unauthentic customer account documentation. Letter of Acceptance, Waiver […]

Read More »

Morgan Stanley Stockbroker Barred By Regulator

September 15, 2017  |   Posted by :   |   Forgery   |   0 Comments

Peter Michael Riley, of Plano, Texas, a stockbroker formerly registered with Morgan Stanley Smith Barney, LLC, has been permanently barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that he neglected to respond to FINRA’s request for information concerning his business activities. Case No. 2016051087301 (Jan. 9, […]

Read More »

Thrivent Stockbroker Suspended For Forgery

September 14, 2017  |   Posted by :   |   Forgery   |   0 Comments

Paul William Marks, of Angola, New York, a stockbroker formerly registered with Thrivent Investment Management Inc., has been fined and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity by consenting to findings that he forged customer account documents, failed to execute customer instructions and made misrepresentations to his firm […]

Read More »

Morgan Stanley Stockbroker Caught Falsifying Forms

August 31, 2017  |   Posted by :   |   Forgery, Stockbroker Fraud News   |   0 Comments

Francisco Jose Faraco, of New York, New York, a stockbroker formerly registered with Morgan Stanley, was fired from employment on February 1, 2017, based upon allegations of his misconduct relating to customer account documentation that contained unauthorized alterations and signatures. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that on September 8, 2016, a customer […]

Read More »

Merrill Lynch Stockbroker Barred By Regulator

August 26, 2017  |   Posted by :   |   Forgery, Stockbroker Fraud News   |   0 Comments

William H. Merriam, IV, of Jacksonville, Florida, a stockbroker formerly registered with Merrill Lynch, Pierce, Fenner & Smith, Inc., has been fined and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to cooperate in an investigation into his alleged forgery. Letter […]

Read More »

Customer Sues LPL Financial For Misrepresentation

August 17, 2017  |   Posted by :   |   FINRA Securities Arbitration, Forgery   |   0 Comments

Melanie Dawn Garcia, of Winter Haven, Florida, a stockbroker formerly registered with LPL Financial LLC, is the subject of a customer initiated investment related written complaint, which settled on August 10, 2016, for $3,115.92 in damages based upon allegations that made misrepresentations to the customer, effected unsuitable private securities transactions, and was liable for the […]

Read More »

Wells Fargo Broker Fined For Unauthorized Transactions

August 02, 2017  |   Posted by :   |   Forgery, Unauthorized Trading   |   0 Comments

Sandra Jayne McCabe, of Melville, New York, a stockbroker formerly registered with Wells Fargo Advisors, has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that she effected unauthorized transactions involving the recycling of customers signatures on documents. Letter of Acceptance, […]

Read More »

Citizens Securities Stockbroker Barred In Forgery Investigation

July 29, 2017  |   Posted by :   |   Forgery   |   0 Comments

James M. Hurty, of Rocky Hill, Connecticut, a stockbroker formerly registered with Citizens Securities, Inc., has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Hurty obstructed a FINRA investigation into allegations that he forged customer account documentation. Letter of Acceptance, Waiver and […]

Read More »

MetLife Securities Stockbroker Sanctioned For Impersonation

July 29, 2017  |   Posted by :   |   Forgery   |   0 Comments

Thomas A. Vigil, of Westboro, Massachusetts, a stockbroker formerly registered with MetLife Securities, has been fined $7,500.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he falsified customer accounts documents, impersonated a customer to effect a transaction, and forged […]

Read More »

Pruco Securities Stockbroker Sanctioned For Forgery

July 29, 2017  |   Posted by :   |   Forgery   |   0 Comments

Jeffrey Allen Delaney Junior, of Columbia, South Carolina, a stockbroker formerly registered with Pruco Securities, LLC, has been fined $15,000.00 and suspended for eight months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Delaney, inter alia, forged a customer’s signature on account documentation. Letter […]

Read More »

Essex Securities Stockbroker Barred By Regulator

June 19, 2017  |   Posted by :   |   Forgery, Selling Away, Stockbroker Fraud News, Suitability   |   0 Comments

Lawrence M. Thomas, of North Attleboro, Massachusetts, a stockbroker formerly registered with Essex Securities LLC, has been fined and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he obstructed a FINRA investigation into allegations that he made improper investment recommendations to customers. Letter […]

Read More »

Northwestern Mutual Stockbroker Barred

June 13, 2017  |   Posted by :   |   Forgery, Stockbroker Fraud News   |   0 Comments

Salvatore Sapienza, of Latham, New York, a registered representative formerly registered with Northwestern Mutual Investment Services, LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he failed to provide information to FINRA in the course of an investigation into allegations of […]

Read More »

HD Vest Stockbroker Suspended For Fabricating Customer Documents

May 05, 2017  |   Posted by :   |   Forgery, Stockbroker Fraud News   |   0 Comments

John Edward Olinghouse, of Sparks, Nevada, a stockbroker formerly registered with HD Vest Investment Services, has been fined $15,000.00 and suspended for one year from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity, based upon consenting to findings that he fabricated customer account documentation. Letter of Acceptance, Waiver and Consent, No. […]

Read More »

Ausdal Financial Stockbroker Under Investigation

April 11, 2017  |   Posted by :   |   Forgery, Stockbroker Fraud News   |   0 Comments

Joan Katherine Norton, of Woburn, Massachusetts, a stockbroker formerly registered with Ausdal Financial Partners, Inc., has been named in a regulatory investigation being conducted by Financial Industry Regulatory Authority (FINRA) in regard to Norton’s potential violations of FINRA Rules 2010, 2310, and NASD Rule 3110. According to FINRA Public Disclosure, Norton may have made unsuitable […]

Read More »

First Allied Securities Stockbroker Fired For Misconduct

April 10, 2017  |   Posted by :   |   Forgery, Stockbroker Fraud News   |   0 Comments

Virgil John Threlkeld, of Alamo, California, a stockbroker registered with First Allied Securities, Inc., has been terminated from employment on March 15, 2015, based upon allegations that he committed violations of First Allied Securities’ policies by mishandling customer account documentation, advising customers to sign blank documents, and reusing customers’ signatures on the firm’s forms. Financial […]

Read More »

UBS Financial Services Sued For Failure To Supervise

David Howard Bigler, a stockbroker currently registered with UBS Financial Services Inc., has been named in a customer initiated investment related arbitration claim on February 2, 2017, in which the customer requested $21,000,000.00 in damages based upon allegations that between 2013 and 2016, UBS Financial Services Inc. failed to supervise Bigler’s activities concerning the customer’s […]

Read More »

Allstate Financial Services Stockbroker Suspended

March 16, 2017  |   Posted by :   |   Annuity Schemes, Forgery, Stockbroker Fraud News   |   0 Comments

Frederick Martin Quinn Jr., of Toledo, Ohio, a stockbroker formerly registered with Allstate Financial Services, LLC, has been fined and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Quinn, inter alia, signed the names of customers on annuity exchange documentation without the customers’ […]

Read More »

First Financial Equity Corporation Stockbroker Terminated For Forgery

January 05, 2017  |   Posted by :   |   Forgery, Stockbroker Fraud News   |   0 Comments

Mark Christopher Quale, a stockbroker formerly registered with First Financial Equity Corporation, was terminated by his firm on March 31, 2016, based upon allegations that Quale furnished documents to First Financial Equity Corporation containing customer signatures which were not genuine. FINRA Public Disclosure reveals that Quale has been named in four customer arbitrations concerning allegations […]

Read More »

BOSC Stockbroker Terminated For Forgery

January 05, 2017  |   Posted by :   |   Forgery, Stockbroker Fraud News   |   0 Comments

John Jacob Avey, a stockbroker from Denver, Colorado, was terminated by employer Bosc, Inc. on January 15, 2016, based upon allegations that Avey admitted to the firm that a document which Avey provided in connection with a customer’s investment account contained signatures which were not authentic. FINRA Public Disclosure reveals that Avey has been named […]

Read More »

Pruco Securities Stockbroker Terminated For Alleged Forgery

January 05, 2017  |   Posted by :   |   Forgery, Stockbroker Fraud News   |   0 Comments

Matthew James Streckenbach, of Appleton, Wisconsin, has been terminated from Pruco Securities, LLC on April 26, 2016, based upon allegations that Streckenbach submitted forms to his firm which contained forged customer signatures. The company alleged that Streckenbach provided applications to Pruco Securities, LLC, for purchases of life insurance policies containing unauthentic applicant signatures. Since May […]

Read More »