FINRA Sanctions Zachary Simpson

Soreide Law Group has learned of possible investor claims against securities broker Zachary Simpson (CRD: 7158285, Canonsburg, Pennsylvania). Particularly, FINRA sanctioned the securities broker, who worked for Pruco Securities Inc. Allegedly, Torrez committed forgery in violations of FINRA rules. Here is a brief summary of FINRA’s allegations against Torrez.

FINRA Sanctions Zachary Simpson For Forgery

Evidently, on December 9, 2022, FINRA issued Case: 2022074318001, sanctioning Zachary Simpson for infractions. Specifically, Simpson agreed to pay a $5,000 fine and serve a three-month suspension as securities broker. Particularly, FINRA alleged that Simpson committed forgery of client signatures. Notably, Simpson never received permission from clients to sign on their behalf.

Also, the securities broker reportedly forged his colleague’s signature on Transfer Report Service Responsibility forms, which allowed him to be the assigned person on client accounts. That colleague never authorized his actions.

Pruco Securities Inc. Disaffiliates With Simpson

Simpson stopped working for Pruco Securities LLC on March 8, 2022. The securities firm discharged him on February 24, 2022 after the securities broker admitted to submitting fake signatures of several clients on forms, violating company policy.

Did Pruco Securities LLC Securities Broker Zachary Simpson Cause You To Experience Damages?

Have you experienced damages because of Zachary Simpson? If so, contact Soreide Law Group at (888) 760-6552 and speak with a securities attorney about a potential recovery of your investment losses. Soreide Law Group, who has successfully recovered losses for investors across the United States, represents clients on a contingency fee basis and advances all costs. Simpson and brokerage firms Simpson worked for deny any and all allegations of sales practice violations.