The Soreide Law Group, PLLC, a Securities Arbitration Law Firm, (888) 760-6552, found the following information on FINRA’s website under “Disciplinary and Other FINRA Actions, April, 2013.”
Arthur Apostol (CRD #2265647, Registered Representative, Ashford, Connecticut)
was fined $5,000 and suspended from association with any FINRA member in any capacity for three months. Without admitting or denying the findings, Apostol consented to the described sanctions and to the entry of findings that while he was in the process of transferring his customers’ accounts from his former member firm to a new member firm, he affixed customers’ signatures onto new account forms by cutting and pasting their signatures from documents they had executed earlier. Apostol then submitted those forms to his firm.
FINRA's findings stated that the customers had authorized the opening of the accounts, but Apostol did not have their authorization or consent to affix their signatures to the forms. These findings also stated that on other occasions, Apostol asked customers to sign blank forms for future use.
This suspension is in effect from February 19, 2013, through May 18, 2013. (FINRA Case #2012032570701)
The following information was found on FINRA's BrokerCheck:
This broker was previously registered with FINRA at the following brokerage firms:
LPL FINANCIAL LLC
CRD# 6413
EAST HARTFORD, CT
05/2011 - 05/2012
NEWALLIANCE INVESTMENTS, INC.
CRD# 126880
EAST HARTFORD, CT
04/2004 - 06/2011
INFINEX INVESTMENTS, INC.
CRD# 35371
MERIDEN, CT
11/2001 - 04/2004
This ends the information from FINRA’s website.
Call Soreide Law Group, a Securities Arbitration Law Firm, for a free consultation with an attorney on how to potentially recover your investment losses at 888-760-6552.
