Jimmy William Nunez, Jr. of Edgewater, New Jersey, a stockbroker formerly registered with Allstate Financial Services LLC, has been fined $10,000.00 and suspended for two years from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Nunez forged a customer’s signature and falsified responses to FINRA when under investigation. Letter of Acceptance, Waiver, and Consent No. 2020065945901 (January 28, 2022).
According to the AWC, in May of 2018, a customer’s signature had been forged on an investor profile, questionnaire, variable annuity application, and new account documents. The customer never provided authorization to Nunez to sign or initial on the customer’s behalf. Nunez also falsified dates on the documents. He submitted these inaccurate documents to Allstate, violating FINRA Rules 2010 and 4511.
When Nunez was investigated by the regulator, he was required to provide a written statement responsive to FINRA’s requests. A false written statement was provided by Nunez to FINRA in December of 2020. The AWC states that in March of 2021, Nunez gave false testimony too. Nunez’s activities showed that he violated FINRA Rules 2010 and 8210.
On October 28, 2020, a customer initiated investment related arbitration claim involving Nunez’s conduct was settled for $30,000.00 in damages supported by accusations of unauthorized transactions by Nunez during the time that he was registered with Allstate Financial Services. FINRA Arbitration No. 20-01144.
Nunez was registered with Allstate Financial Services between August 17, 2015, and June 29, 2020.
