Did Luke Charles Nelson Cause You Investment Losses?
Luke Charles Nelson of Fosston, Minnesota was fined $5,000 and suspended from association with any FINRA member in all capacities for a period of two months. The sanctions were based on findings that he allegedly forged a customer’s signature, violating FINRA Rule 2010. Without admitting or denying the allegations, he consented to the sanctions. The suspension was in effect from August 17, 2020, through October 16, 2020.
In August of 2013, Luke Charles Nelson joined Thrivent Investment Management Inc. and was registered as a General Securities Representative. According to FINRA, they began an investigation after receiving a Form U5 reporting Nelson’s termination, stating that he had allegedly forged a clients signature on multiple documents. The findings stated that the client completed and signed documents in order to open two accounts and Nelson assisted by submitting them to Thrivent. After receiving the documents, Thrivent informed Nelson that they required non-substantive corrections. Due to the complications, FINRA stated that Nelson had allegedly tried to accommodate the client by signing and resubmitting the forms without his authorization. In addition, FINRA further alleged that Nelson signed an additional two commission-based brokerage account applications again without the clients approval.
FINRA Rule 2010 requires registered representatives, in the conduct of their business, to “observe high standards of commercial honor and just and equitable principles of trade.” Forgery and/or falsification of documents is unethical conduct that violates FINRA Rule 2010.
Do You Need a Minnesota FINRA Securities Arbitration Attorney?
Are you a Fosston, Minnesota investor who has suffered significant losses in your stock brokerage and investment accounts? Did your Minnesota stockbroker or investment advisor forge your signature or alter information on account opening documents about your investment objectives, risk tolerance, or financial condition to make unsuitable recommendations or otherwise mismanage your investment account? If so, you will need to have representation from an experienced, highly rated, and nationally recognized FINRA arbitration securities forgery 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 Securities Account Forgery Attorneys Serving Fosston, Minnesota 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 Minnesota, 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.
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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 Minnesota citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.