Securities Fraud Blog | Find out if your broker is liable for your losses

TAG | broker falsifying documents

Feb/12

6

Key Biscayne Rep Barred by FINRA

Comments off · Posted by admin in FINRA

The following information appeared on FINRA’s website:
 
Ricardo Blanco (CRD #1793188, Registered Representative, Key Biscayne, Florida)
 
submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Blanco consented to the described sanction and to the entry of findings that he sent documents that contained false and inflated account values to a customer and also sent the customer a false account statement, which indicated that the account’s value was approximately $3 million when, in fact, it was worth less than a dollar. The findings stated that Blanco sent a false account statement with an inflated value to another customer; the false statement indicated that the value of the account was approximately $2 million when the account had, in fact, been closed. The findings also stated that Blanco failed to respond to FINRA requests to provide certain documents and access to other documents.
(FINRA Case #2011027098601)
 
The above information was obtained on FINRA’s website under ‘Disciplinary Actions’ January, 2012, and at this point, has ended.
 
Securities Attorney, Lars Soreide, of Soreide Law Group, PLLC, has represented clients nationwide. If you or a family member have sustained investment losses due to Ricardo Blanco of Key Biscayne, FL, or to your stock broker or financial advisor’s recommendations, call for a free consultation on how to potentially recover your losses. To speak with an attorney call 888-760-6552, or visit our website at: www.stockmarketlawsuit.com.
 
Soreide Law Group, PLLC., representing investors nationwide before FINRA the Financial Industry Regulatory Authority.
 

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Apr/11

6

Roger Craig Fulton Suspended by FINRA

Comments off · Posted by admin in FINRA

 

 

Roger Craig Fulton (CRD #3268583, Registered Principal, Richmond, Texas)

 

submitted a Letter of Acceptance, Waiver and Consent in which he was suspended from association with any FINRA member in any capacity for three months. In light of Fulton’s financial status, no monetary sanctions were imposed. Without admitting or denying the findings, Fulton consented to the described sanction and to the entry of findings that he submitted a variable annuity application and other documents to his member firm knowing that they contained falsified customer signatures. The findings stated that Fulton recommended that a customer switch a variable annuity he owned for another variable annuity, which had advantageous riders. The findings also stated that the customer agreed to the switch, but Fulton agreed to delay the switch until market conditions improved. The findings also included that Fulton determined that market conditions were appropriate for the switch on a certain date, but the customer was out of town on an extended trip at that time.FINRA found that Fulton and the customer then agreed that the customer’s relative would sign the customer’s name to the variable annuity application and the other documents necessary to complete the switch transaction, which she did with Fulton’s knowledge. FINRA also found that Fulton then submitted the annuity application and other documents the relative falsely signed to his firm as authentic, knowing that the customer’s signature on the documents was not authentic. In addition, FINRA determined that Fulton’s submission of the falsified application and other documents to his firm caused the firm’s books and records to be inaccurate.

The suspension is in effect from February 7, 2011, through May 6, 2011.

(FINRA Case #2009018041101)

This information was obtained on FINRA’s website.

If you feel you have been a victim of the alleged fraudulent schemes of  Roger Craig Fulton, call a Securities Arbitration Lawyer for a free consultation on how to recover your losses.  To speak with an attorney, call 888-760-6552, or visit www.stockmarketlawsuit.com. Soreide Law Group, PLLC., representing investors nationwide before FINRA  the Financial Industry Regulatory Authority.

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