Luke A. Eddy of Worcester, Massachusetts submitted a Letter of Acceptance, Waiver and Consent (AWC) to the Financial Industry Regulatory Authority (FINRA) in which he was in violation of FINRA Rule 2010.
Luke A. Eddy joined Merrill Lynch, Fenner and Smith, Inc in August 2014 as a General Securities Representative. According to FINRA, Eddy was terminated in June 2017 for posing as a client during a call with his member firm in order to transfer funds from the customers Individual Retirement Account (IRA) to her bank account. The findings stated that when the firm rejected the initial transfer fund, Eddy forged the customer’s signature allowing the firm to approve the distribution and transfer $3,400 from the customer’s firm IRA to her bank account. Due to suspicion that Eddy may have impersonated the customer’s signature, the firm did not process the payment. Continue reading →