Joseph William Petry, of Latham, New York, a stockbroker formerly registered with HBW Securities LLC, was fired on March 10, 2016, founded upon accusations that he furnished customer trading documentation to his firm that contained forged signatures. The firm alleged that Petry caused customers to hand him signed yet blank documents so that Petry would be able to complete documents and ultimately effect transactions without customer input.
This is not the first time that Petry has been fired for misconduct. In particular, Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that on April 25, 2007, Petry was fired by previous employer, PFS Investments Inc., founded upon accusations that he placed securities transactions without registration.
Moreover, on April 1, 2007, a customer initiated investment related written complaint involving Petry’s conduct was settled for $28,000.00 in damages founded upon accusations that Petry, while associated with Primerica Financial Services, placed unnecessary and unsuitable variable annuity transactions with the customer’s funds. Then, on June 20, 2012, a customer initiated investment related written complaint regarding Petry’s activities was resolved for $39,000.00 in damages founded upon accusations that Petry, while associated with HBW Securities, LLC, placed faulty life settlement contracts in the customer’s account.
Since May 30, 2017, Petry has been associated with Ausdal Financial Partners.
, of Latham, New York, a stockbroker formerly registered with HBW Securities LLC, was fired on March 10, 2016, founded upon accusations that he furnished customer trading documentation to his firm that contained forged signatures. The firm alleged that Petry caused customers to hand him signed yet blank documents so that Petry would be able to complete documents and ultimately effect transactions without customer input.
This is not the first time that Petry has been fired for misconduct. In particular, Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that on April 25, 2007, Petry was fired by previous employer, PFS Investments Inc., founded upon accusations that he placed securities transactions without registration.
Moreover, on April 1, 2007, a customer initiated investment related written complaint involving Petry’s conduct was settled for $28,000.00 in damages founded upon accusations that Petry, while associated with Primerica Financial Services, placed unnecessary and unsuitable variable annuity transactions with the customer’s funds. Then, on June 20, 2012, a customer initiated investment related written complaint regarding Petry’s activities was resolved for $39,000.00 in damages founded upon accusations that Petry, while associated with HBW Securities, LLC, placed faulty life settlement contracts in the customer’s account.
Since May 30, 2017, Petry has been associated with Ausdal Financial Partners.
Guiliano Law Group
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