Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Christopher Coffey (Coffey), previously associated with Allstate Financial Services, LLC, has at least 3 disclosable events. These events include 2 customer complaints, one tax lien, alleging that Coffey recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a final customer complaint on October 29, 2024.
Without admitting or denying the findings, Coffey consented to the sanctions and to the entry of findings that he forged customer signatures on two variable annuity withdrawal forms by attaching an authentic customer signature page from a previous withdrawal form, changing the date, then submitting the new withdrawal form. The findings stated that although Coffey believed he was accommodating the customer’s request, he did not inform the customer before forging her signature and submitting these two new withdrawal forms. The customer received all withdrawn funds, and Coffey was not compensated in connection with either transaction. Furthermore, the withdrawal forms qualify as customer account records. As a result, Coffey caused his member firm to maintain inaccurate books and records.
