Rep Forged 64 Client Signatures on 115 Annuity Applications: FINRA
February 25, 2026 by Melanie Waddell
Wink’s Moore on the Market: WHAT?!?
“[The registered rep] submitted the forged annuity applications and received from the firm advanced payment on commissions for the associated annuities, according to the complaint. The annuities were never funded. In total, [the rep] received $511,610 in commissions to which he was not entitled.”
Good riddance! -sjm
The Financial Industry Regulatory Authority has filed a complaint against a former Pruco Securities representative, saying he forged 64 customers’ signatures on 115 annuity applications without the customers’ prior knowledge or consent.
According to the complaint, Avinesh Shankar forged the signatures between November 2022 and January 2024 while registered with Pruco Securities.
Originally Posted at Think Advisor on Feb 18, 2026 by Melanie Waddell.
Categories: Industry Articles
