Jeffrey Allen Delaney Junior, of Columbia, South Carolina, a stockbroker formerly registered with Pruco Securities, LLC, has been fined $15,000.00 and suspended for eight months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Delaney, inter alia, forged a customer’s signature on account documentation. Letter of Acceptance, Waiver and Consent, No. 2016051308001 (July 5, 2017).
According to the AWC, in August of 2016, Delaney was terminated by Pruco Securities, LLC, based upon the firm’s allegations that a customer RT’s life insurance application had been signed by Delaney rather than the customer on seven documents. The AWC indicated that after forging the documents, they were furnished by Delaney to his firm to effect the transfer of customer RT’s existing insurance policy to a new insurance policy. The AWC revealed that RT and his spouse merely discussed with Delaney the possibility of transferring a life insurance policy; they never authorized the transfer nor were apprised of Delaney having forged their signatures on documents nine days later. FINRA found Delaney’s conduct to be violative of FINRA Rule 2010.
FINRA Public Disclosure reveals that on January 27, 2017, a customer filed an investment related written complaint involving Delaney’s conduct, where the customer’s claim was founded upon allegations that Delaney defrauded the customer in the course of effecting an insurance transaction.
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