Forgery

Sep 13th, 2015
Published by Jeremy Hyndman at Sep 13th, 2015
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Permanently Barred: Advisor Cecilia Le at J.P. Morgan Securities Steals Client Money

Cecilia Carolyn Hang Minh Le of Santa Ana, California was permanently barred from “acting as a broker or otherwise associating with firms that sell securities to […]
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Sep 10th, 2015
Published by Jeremy Hyndman at Sep 10th, 2015
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Cape Securities’ CCO Michael Lovett Establishes Inadequate Supervisory System That Leads to Wire Transfer Fraud

Michael Allen Lovett of Lawrenceville, Georgia was recently fined $5,000 and suspended for six months, according to Financial Industry Regulatory Authority, or FINRA. Reports detail that […]
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Aug 31st, 2015
Published by Jeremy Hyndman at Aug 31st, 2015
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Cape Securities’ Representative Caught in Fraudulent Wire Transfer Activity

Recent reports from Financial Industry Regulatory Authority, or FINRA, detail a macabre series of fraudulent wire transfers. From February through September 2012, a registered representative of […]
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Aug 27th, 2015
Published by Jeremy Hyndman at Aug 27th, 2015
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Malicious Variable Annuity Surrenders Make Treasure Trove for Cadaret, Grant & Co.

According to recent reports from Financial Industry Regulatory Authority, or FINRA, the Syracuse, New York-headquartered independent-brokerage firm Cadaret, Grant & Co., Inc. was fined $75,000 and […]
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May 29th, 2015
Published by Jeremy Hyndman at May 29th, 2015
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People’s Securities Inc. Financial Advisor Steals $17,400 From Client

Tricia Denise Willis (“Willis”) in Vernon, Connecticut has been banned from the securities industry for committing fraud and conversion. She forged a customer’s signature to withdraw […]
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May 18th, 2015
Published by Jeremy Hyndman at May 18th, 2015
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OneAmerica Is Fined $75,000 For Not Stopping Financial Advisor From Ripping Off Investors

OneAmerica Securities, Inc. (“OneAmerica”), located in Indianapolis, Indiana, has been fined $75,000 for failing to detect unauthorized transfers of funds as well as unsuitable recommendations made […]
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Apr 28th, 2015
Published by Jeremy Hyndman at Apr 28th, 2015
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Financial Advisor In Santa Barbara Falsifies Investors’ Signatures

Gregory Bolduc (“Bolduc”), a financial advisor formerly with UnionBanc Investment Services, has been fined and suspended for falsifying investor signatures. Bolduc photocopied the original signatures, and […]
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Apr 27th, 2015
Published by Jeremy Hyndman at Apr 27th, 2015
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Los Angeles based Wedbush Securities Covers Up Supervisory Failure By Falsifying Documents

Wedbush Securities (“Wedbush” or “the firm”), a brokerage firm located in Los Angeles, California, created and gave FINRA falsified documents regarding its review of the firm’s […]
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Apr 9th, 2015
Published by Jeremy Hyndman at Apr 9th, 2015
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Visalia Stockbroker Transfers Half A Million Dollars Using Forged Signatures

Bruce Robert Geiger, a stockbroker at Thrivent Investment Management, Inc. (“Thrivent”), is accused of altering forms and forging signatures on life insurance related documents to process […]
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Mar 31st, 2015
Published by Jeremy Hyndman at Mar 31st, 2015
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Northwestern Mutual Hires Unlicensed Stock Broker, Who Then Forges Client Documents

In San Jose, Northwestern Mutual Investment Services hired Patrick Llewellyn as a financial advisor, although he was was not yet licensed. Llewellyn forged twelve customers’ signatures […]
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