Stockbroker and Financial Advisor Forgery Fraud Attorney
Forgery is not only just signing someone else’s signature to a document, forgery also includes copying or pasting through electronic means a person’s signature to a document, or altering a document by adding dates or modifying an otherwise signed document to make it different than what it purports to be.
The most common forged documents are new account forms, risk disclosure letters, annuity free look documents, and letters of authorization to transfer customer funds. It is generally not the forgery which causes the underlying problem, it is the forgery that facilitates the underlying problem of misconduct, i.e. theft or the sale of unsuitable investments.
If your financial advisor or stockbroker forged your signature or altered signed documents, you should contact a lawyer immediately. The Guiliano Law Group has extensive experience representing victims of forgery and fraud involving their investment accounts. If you believe that you may have a claim for fraud or forgery, call our attorneys today at 1-877-732-2889. All inquires are confidential, and we offer our services on purely a contingent fee basis, meaning we do not get paid unless we make a recovery for you.
How Forgery or Alteration by Brokers and Financial Advisors Happens
When you open a securities account a stockbroker or financial advisor, investors will be required to sign a number of forms including a new account form, IRS Form W-9, customer agreements, and sometimes margin agreements, option agreements or subscription agreements.
Stockbrokers or financial advisors sometimes present these forms to the customers or prospective customers sometimes in blank and request that the customer simply sign these forms to be returned to the stockbroker or financial advisor for completion. Sometimes, the same form or forms are later obtained in discovery, and often the customer’s investment objective, tolerance for risk, or overall financial wherewithal are materially overstated.
Generally, unless the customer preserved the blank signed form, it is difficult to prove that the subject or relevant information was not on the form at the time the customer signed it. Many firms provide their customer with copies of these forms or the information contained in these forms after processing and request that the customer review this information for accuracy.
Even in cases where a stockbroker or financial advisor, or someone acting on their behalf, actually forges a customers signature, handwriting experts will not only require the original document or documents, generally, but also will only be able to render an opinion whether a document was forged with some degree of certainty. The Federal Rules of Evidence are not binding in arbitration before FINRA. The Federal Rules of Evidence are however persuasive and a guide in FINRA Arbitration. Under the Federal Rules of Evidence, the determination of whether a document was forged can be made by a lay person or non-expert. Many forgeries appear to be just that: forgeries. The real question is the motive or reason underlying the forgery, be it theft, the sale of risky investments, or for some innocent purpose or matter of convenience.
Claims for Victims of Forgery, Fraud, and Misappropriation Against Brokers
If your stockbroker or financial advisor forged your signature or altered documents you might be entitled to file a claim against them.
FINRA Arbitration Lawyers for Forgery and Fraud Victims
We have a long history of recovering compensation for victims of Fraud and Forgery. If you believe that you may have a claim call our attorneys today at 1-877-732-2889. All inquires are confidential, and we offer our services on purely a contingent fee basis, meaning we do not get paid unless we make a recovery for you.