FINRA sanctioned former FBL Marketing Services representative Richard Dean Connally for forging signatures of hundreds of life insurance documents over a 15-year period.
According to the findings, FBL Marketing terminated Richard Connally (CRD #2570561) from the firm's Ellsworth, Kansas branch for fraudulently applying affiliate life insurance company client signatures without their permission to process insurance policy requests.
FINRA investigated the matter and confirmed that Connally forged and/or falsified customer signatures on "hundreds" of insurance account documents, including applications, change of beneficiary requests, policy service requests, verification forms, and money movement/transfer forms.
Connally also purportedly attested on at least three compliance questionnaires that he had not signed a customer's name to any document, which investigators determined was a false attestation, as Connally had indeed forged and/or falsified customer signatures.
For forging hundreds of signatures, FINRA issued Connally a one-year suspension and $7,500 fine.
If you invested with former FBL Marketing broker Richard Connally or with any investment adviser or financial representative who has forged or fraudulently used your signature on account forms, resulting in damages or losses, please call an experienced FINRA arbitration attorney at The Law Offices of Jonathan W. Evans & Associates at (800) 699-1881 for an investigation and consultation.