Juan Manuel Ceja of Medford Oregon a stockbroker formerly registered with PFS investments Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that he failed to comply with FINRA’s investigation into his potential falsification of customer signatures. Letter of Acceptance Waiver and Consent No. 2021070491301 (July 1, 2021).
According to the AWC, on February 4, 2021, Ceja was terminated by PFS’ affiliate founded on allegations of his falsification of customer signatures from April of 2020 to September of 2020. PFS indicated that 104 term life insurance policies that were due to lapse had been renewed by Ceja which allowed him to receive $30,000 in commissions.
The AWC stated that Ceja was asked by the regulator to provide information and documents so that it could evaluate the accusations referenced by PFS. The stockbroker mentioned in a telephone call with FINRA on June 10, 2021 that he would not cooperate with its investigation. Ceja violated FINRA Rules 2010 and 8210 by failing to comply.
Ceja was associated with PFS Investments between December 18, 2000 and February 4, 2021.
