Connecticut Broker Barred by FINRA for Alleged Misappropriation and Forging Signatures

Tricia Denise Willis (CRD #5703572, Vernon, Connecticut) Alternate Name: TRICIA DENISE LIPARELLI

was barred by FINRA for allegedly converting a client’s funds and signed the client’s name on withdrawal slips without authorization. Willis solicited a personal loan from a friend, who was also a client of her bank, and requested that the client permit her to take the funds for the loan directly from the client’s home equity line of credit (HELOC). The client agreed to lend Willis $2,500 and allow Willis to directly access the HELOC. However, the customer did not authorize Willis to sign the client’s name on any documents. Willis then prepared withdrawal slips totaling $2,500, signed the client’s name on the slips, and processed them at her own teller window.

FINRA's findings stated that Tricia Willis withdrew an additional $17,400 from the client’s HELOC, without authorization, and converted those funds for her own personal use. Willis had prepared 28 additional withdrawal slips in which she forged the client’s name.
(FINRA Case #2013039298901)

Tricia Willis was previously registered with the following firm:

01/2010 - 12/2013 PEOPLE'S SECURITIES, INC. (CRD# 13704) - WILLIMANTIC, CT

This ends the information from FINRA's Discipline Report May 2015.

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