David Santos of Niskayuna, New York submitted a Letter of Acceptance, Waiver and Consent (AWC) to the Department of Enforcement of the Financial Industry Regulatory Authority (FINRA) after allegedly falsifying letters that enabled an imposter to fraudulently transfer funds from a client and execute unauthorized sales of stocks.
Santos entered the securities industry in 1991 when he became associated with a FINRA member firm. In March 1998, Santos became a General Securities Representative (GSR). Between 1998 and 2006, Santos was a GSR with three different FINRA member firms. On September 2, 2006, Santos became registered as a GSR with Cetera Investment Services, LLC (Cetera). Santos later became a General Securities Principal with Cetera in April 2010 and remained there until he was terminated in May 2014. Continue reading →