Former NYLife Securities Broker William Hite Suspended by FINRA for Forgery
William James Hite, a former registered representative of NY Life Securities LLC, submitted a Letter of Acceptance, Waiver, and Consent (AWC) in which he consented to, but did not admit to or deny, the Financial Industry Regulatory Authority’s (FINRA) findings that he forged an elderly customer’s signature on four documents. According to FINRA, William Hite of Shelton Connecticut allegedly forged his elderly customer’s signature when he was not successful in reaching him to sign the document. Subsequently, Mr. Hite electronically forged the same customer’s signature on three more documents, including a fixed annuity application, client profile form, and replacement of life insurance or annuities form. What Mr. Hite was unaware of at the times of the forgeries, is that his elderly customer had passed away.
Continue Reading