Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Paul Edwards (Edwards), previously associated with Nylife Securities LLC, has at least one disclosable event. These events include one tax lien, alleging that Edwards recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a final customer complaint on December 09, 2024.
Without admitting or denying the findings, Edwards consented to the sanctions and to the entry of findings that he forged the signatures of two customers on an insurance document by electronically signing the customers’ names without authorization and falsified seven documents by altering them after they were signed by six different customers. The findings stated that upon learning of the forgery, one of the customers complained to Edward’s member firm. Edwards never submitted the form to insurance company or his firm. Edwards requested that customers sign blank forms that he then completed after they had been signed and submitted them to the firm. Five of the altered documents, including automatic investment authorization forms, one-time distribution request forms, and an asset movement authorization form, were required books and records of the firm. None of the customers who signed blank forms complained, and the underlying transactions were authorized.
