Bad Broker

Daniel Stoakes Suspended for Forging Customer Signatures

2022-08-09

My Bad Broker

According to FINRA, Daniel William Stoakes Jr. was fined $5,000 and suspended for four months for forging customer signatures on account transfer forms. Stoakes electronically signed customer names without authorization on new account applications, transfer forms, certification of trust, and bank transfer forms. One couple complained and the transfer was reversed. Stoakes also electronically signed other customers' names with their permission on transfer forms, though they did not complain. Forging signatures violates fundamental trust and can facilitate unauthorized transactions. Customers should immediately report any documents bearing signatures they did not provide.

Violation :

Forged and falsified customer signatures on account forms

Tags :

Daniel William Stoakes Jr.,
IA
CRD Number : 4637800

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