A former broker previously registered with a brokerage firm in North Dakota was barred in 2019 for allegations of forging a customer signature.
The broker has four disclosures on his publicly-available FINRA BrokerCheck report, including 2 customer disputes, 1 employment separation, and 1 regulatory.
Forging Customer’s Signatures Not Unheard Of
This financial advisor/stock broker is not the first to be accused of forging his client’s signature on documents. Silver Law Group is familiar of multiple cases, including a Morgan Stanley broker who was accused of forging an institutional customer’s signature on loan documents. Another broker registered with Newport Coast Securities was accused of forging client’s signatures and stealing from them. A Raymond James broker, who was also executor of a client’s trust, was alleged to have forged a client’s signature on checks made payable to their estate.
Clients place significant trust in their brokers and may give them certain authority to act in their best interest. Brokers who abuse that trust for personal gain are behaving unethically. Fraudulent stockbroker activity, such as forging client’s signature, can be a cause of action for a FINRA arbitration claim that allows investors to recover their losses.
Do You Have Investment Losses Related to Stockbroker Fraud?
Silver Law Group represents investors in securities and investment fraud cases. Our nationally-recognized attorneys represent investors nationwide in securities arbitration cases to recover investment losses due to stockbroker misconduct. Most cases are handled on a contingency fee basis, meaning nothing is owed unless we recover money for you. Contact Scott Silver at firstname.lastname@example.org or toll free at (800) 975-4345 today for a no-cost consultation.