Did Lori Ann Sacco Cause You Investment Losses?
Lori Ann Sacco of Wauwatosa, Wisconsin submitted a Letter of Acceptance Waiver and Consent to the Financial Industry Regulatory Authority in which she was fined $10,000 and suspended for a period of six months. The sanctions were based on findings that she allegedly falsified documents by forging customers signatures in violation of FINRA Rules 4511 and 2010. The suspension is in effect from September 21, 2020, through March 20, 2021.
In March 2014, Lori Ann Sacco joined BMO Harris and was registered as a General Securities Representative. The firm later filed a Uniform Termination Notice stating Succo’s voluntary resignation while under investigation for the alleged misconduct. According to FINRA findings, Sacco allegedly forged signatures on at least 10 documents and submitted them as originals without the customers knowledge or approval. The findings stated that some of the documents were required to be kept by Exchange Act Rule 17a-3 and by falsifying the signatures, Sacco caused her firm to mismark their books and records. Although Sacco is no longer associated with a FINRA member, she remains subject to FINRA’s jurisdiction.
FINRA Rule 4511 requires each member to make and preserve books and records in conformity with Section 17(a) of the Exchange Act and Rule 17a-3 promulgated thereunder. Inherent in this requirement is the requirement that the books and records the firm makes are accurate. When an associated person forges or falsifies a firm’s books and records, he or she violates FINRA Rule 4511. A violation of FINRA Rule 4511 is also a violation of FINRA Rule 2010.
Do You Need a Wisconsin FINRA Securities Arbitration Attorney?
Are you a Wauwatosa, Wisconsin investor who has suffered significant losses in your stock brokerage and investment accounts? Did your Wisconsin stockbroker or investment advisor forge your signature or alter information on account opening documents about your investment objectives, risk tolerance, or financial condition to make unsuitable recommendations or otherwise mismanage your investment account? If so, you will need to have representation from an experienced, highly rated, and nationally recognized FINRA arbitration securities forgery law attorney—an attorney who knows FINRA rules and procedures inside and out and how to handle these FINRA arbitration forgery cases and other complex legal issues.
Free Initial Consultation With Experienced Securities Account Forgery Attorneys Serving Wauwatosa, Wisconsin Residents In FINRA Arbitrations
At The Law Offices of Robert Wayne Pearce, P.A. we represent investors in all kinds of securities, commodities, and investment law disputes in FINRA, AAA and JAMS arbitration and mediation proceedings. Attorney Pearce and his staff represent investors throughout Wisconsin, and across the United States on a CONTINGENCY FEE basis which means you pay nothing – NO FEES-NO COSTS – unless we put money in your pocket after receiving a settlement or FINRA arbitration award.
Se habla español
For dedicated representation by Attorney Pearce with over 40 years of experience and success in all kinds of securities, commodities, and investment law disputes serving Wisconsin citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.
Robert Wayne Pearce
Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $125 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.
Rate this Post
Loading...