Did Tonia Berg Cause You Investment Losses?
Tonia Berg of Farmington, Missouri submitted a Letter of Acceptance, Waiver and Consent form to the Financial Industry Regulatory Authority in which she was barred from association with any FINRA member in all capacities. The sanction was based on findings that she allegedly converted funds and forged signatures in violation of FINRA Rules 2150(a) and 2010.
In August 2016, Tonia Berg joined Edward Jones as a non-registered fingerprint (NRF) person. The firm later filed an NRF amendment to disclose Berg’s termination due to alleged misconduct. According to FINRA’s findings, Berg allegedly converted $44,200 from her mother’s retirement and brokerage accounts at Edward Jones in two separate wire transfers to a bank account of a third-party individual. The findings state that Berg was able to complete the transfers by forging her mother’s signature on two Client Authorization forms without her mother’s knowledge or consent. Although Tonia Berg is not currently registered or associated with a member firm, she remains subject to FINRA’s jurisdiction.
FINRA Rule 2150(a) provides that “no person associated with a member [firm] shall make improper use of a customer’s securities or funds.” Conversion is an intentional and unauthorized taking of and/or exercise of ownership over property by one who neither owns the property nor is entitled to possess it. Conversion of customer funds is a violation of FINRA Rules 2150(a) and 2010. FINRA Rule 2010 requires associated persons, in the conduct of their business, to observe “high standards of commercial honor and just and equitable principles of trade.” Signing another person’s name to documents, without authority, constitutes forgery. Forgery is also a violation of FINRA Rule 2010.
Are you a Farmington, Missouri investor who has suffered significant losses in your stock brokerage and investment accounts? Did your Farmington, Missouri stockbroker or investment advisor transfer assets without your authority to the stockbroker or another party, steal, or otherwise commit theft in your investment account? If so, you will need to have representation from an experienced, highly rated, and nationally recognized FINRA arbitration securities law attorney—an attorney who knows FINRA rules and procedures inside and out and how to handle these FINRA arbitration forgery cases and other complex legal issues.
Free Initial Consultation With Experienced Attorneys Handling Securities Account Theft Cases Serving Farmington, Missouri Residents in FINRA Arbitrations
At The Law Offices of Robert Wayne Pearce, P.A. we represent investors in all kinds of securities, commodities, and investment law disputes in FINRA, AAA and JAMS arbitration and mediation proceedings. Attorney Pearce and his staff represent investors throughout Missouri, and across the United States on a CONTINGENCY FEE basis which means you pay nothing – NO FEES-NO COSTS – unless we put money in your pocket after receiving a settlement or FINRA arbitration award.
Se habla español For dedicated representation by Attorney Pearce with over 40 years of experience and success in all kinds of securities, commodities, and investment law disputes serving Missouri citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.