Jun 21, 2021

Danube, Minnesota Securities Account Forgery Lawyer

Did Teresa Lynn Holwerda Cause You Investment Losses? Teresa Lynn Holwerda of Danube, Minnesota submitted a Letter of Acceptance, Waiver and Consent (AWC) to the Financial Industry Regulatory Authority (FINRA) in which she 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 she allegedly forged the signature of a customer in violation of FINRA Rule 2010. The suspension was in effect from January 19, 2021, through March 18, 2021. In June 1998, Teresa Lynn Holwerda joined State Farm VP Management Corp. and became registered as an Investment Company and Variable Contracts Products Representative. The firm later filed a Uniform Termination Notice (Form U5), disclosing that she had been terminated due to his alleged misconduct. According to FINRA’s findings, Holwerda allegedly failed to follow company guidelines regarding the Life Insurance process by forging a customer’s signature. The findings state that the customer requested that his life insurance policy be cancelled due to his divorce, however, Holwerda understood the request as meaning he just wanted to be removed from the policy, so she forged his signature for a change of ownership and submitted it to the firms affiliated life insurance company. In addition to the findings, the customer then complained to the insurance company once he became aware of the forgery. Although Teresa Lynn Holwerda is not currently registered or associated with any FINRA member firm, she remains subject to FINRA’s jurisdiction. FINRA Rule 2010 requires associated persons to “observe high standards of commercial honor and just and equitable principles of trade” in the conduct of their business. FINRA Rule 2010 encompasses all unethical, business-related conduct, even if that conduct does not involve a security or a securities transaction. Forgery is a violation of FINRA Rule 2010. Do You Need a Minnesota Securities Account Forgery Attorney? Are you a Danube, Minnesota investor who has suffered significant losses in your stock brokerage and investment accounts?  Did your Danube, 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 Lawyers Serving Danube, 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. 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 Minnesota citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.

Continue Reading

May 4, 2021

Portland, Oregon Securities Account Forgery Lawyer

Did Nicholas Gregory Baecker Cause You Investment Losses? Nicholas Gregory Baecker submitted a Letter of Acceptance, Waiver and Consent (AWC) to the Financial Industry Regulatory Authority (FINRA) for allegedly forging the signatures of customers in violation of FINRA Rules 4511 and 2010. Due to the alleged misconduct, Mr. Baecker was assessed a fine of $5,000 and suspended from association with any FINRA member in all capacities for four months. The suspension is in effect from December 21, 2020, through April 20, 2021. In December 2008, Nicholas Gregory Baecker joined Thrivent Investment Management, Inc., and became registered as an Investment Company and Variable Contracts Products Representative. The firm later filed a Uniform Termination Notice (Form U5), disclosing that he had been terminated due to his alleged misconduct. According to the FINRA findings, Baecker allegedly violated the firm’s written supervisory procedures by electronically forging sixteen customers signatures on life insurance applications. The findings state that Baecker was aware of the firm’s procedures and caused his firm to maintain inaccurate books and records because some of the forged applications were securities sold by prospectus through the firm. Although Nicholas Gregory Baecker is no longer associated with any FINRA member firm, he remains subject to FINRA’s jurisdiction. During the relevant period, the firm’s written supervisory procedures required that client signatures on firm documents always be authentic and expressly prohibited representatives from forging a customer’s signature. FINRA Rule 4511 requires members and associated persons to “make and preserve books and records as required under the FINRA rules, the [Securities Exchange Act of 1934 (the “Exchange Act”)], and the applicable Exchange Act rules.” Customer account opening documents are records required to be made and preserved under Section 17(a)(1) of the Exchange Act and Rule 17a-3(a)(17)(i)(A) thereunder. Implicit in the requirement to make and preserve books and records is the requirement that the information in those books and records be true and accurate. A violation of FINRA Rule 4511 also constitutes a violation of FINRA Rule 2010. Do You Need an Oregon FINRA Securities Arbitration Attorney? Are you a Portland, Oregon investor who has suffered significant losses in your stock brokerage and investment accounts?  Did your Oregon 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 Lawyers Serving Portland, Oregon 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 Oregon, 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 Oregon citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail. 

Continue Reading