Pruco Securities Broker Suspended by FINRA for Forging Customer’s Signature

Jeffrey Delaney, a broker formerly registered with Pruco Securities, LLC, submitted a Letter of Acceptance, Waiver, and Consent (AWC) in which he consented to, but did not admit to or deny, the Financial Industry Regulatory Authority’s (FINRA) findings that he forged a customer’s signature on life insurance applications without the customer’s knowledge or consent. According to FINRA, Jeffrey Allen Delaney Jr, of Peachtree City, Georgia, forged his customer’s electronic signature on seven forms related to the exchange of an existing life insurance policy for a new one.  Mr. Delaney then submitted the forms for processing.  FINRA found that Mr. Delaney never had the customer’s knowledge or consent to forge the signature.  FINRA also found that Mr. Delaney willfully reported a false address on his Form U4.  Mr. Delaney listed his incorrectly as South Carolina, allegedly to avoid Georgia’s insurance licensing requirements.

Continue Reading