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 information about customers of the firm. Letter of Acceptance Waiver and Consent No. 2017054741201 (Mar. 27, 2019).

According to the AWC, in November of 2016, Bryant was asked by Allstate Financial Services to provide new account documents for one hundred fifty seven customers’ accounts. The documentation sought by the firm reportedly concerned the customers’ mutual fund transactions. Apparently, Bryant was expected to cooperate with the firm’s request and provide documents by January 31, 2017.

The AWC stated that as many as nine customers’ signatures had been forged by Bryant on new account documents. Evidently, customers neither knew or approved of their signatures being placed on the account documentation. Supposedly, Bryant provided unauthentic customer documents to the firm. FINRA found Bryant’s conduct violative of FINRA Rule 2010.

The AWC also stated that the firm held false records and books because of Bryant. FINRA stated that the account documents constituted records that needed to be maintained in accurate form by the firm. The AWC stated that since the forms contained forged customer signatures, the customers did not actually become apprised of the documentation or authorize Bryant’s activities. FINRA found Bryant’s conduct in this respect to be violative of FINRA Rules 2010 and 4511.

FINRA Public Disclosure confirms that Bryant was discharged by Allstate Financial Services LLC on June 15, 2017 supported by allegations that Bryant furnished documentation containing unauthentic customer signatures in reference to customers’ brokerage accounts. Bryant was employed by Chelsea Financial Services between July 13, 2017 and November 30, 2017.

The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.

This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer.

Guiliano Law Group, P.C.

Our practice is limited to the representation of investors. Over the last three decades, we have recovered more than a hundred million dollars for more than 1,000 injured investors from all over the United States and several foreign countries. We accept representation purely on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a confidential consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.

For more information concerning common claims against stockbrokers and investment professionals, please visit us at stockbrokerfraud.com

To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com

Stockbroker Fraud. Securities Arbitration and Investment Fraud Lawyers.  
National Practice. Contingent Fee. Confidential Free Consultation. (877) SEC-ATTY

Tags: ,

No comments yet.

Leave a Reply

Name (required)

Email (will not be published) (required)

Website

%d bloggers like this: