David Michael Stevens (CRD #2830472, San Diego, California)

March 21, 2022 – An AWC was issued in which Stevens was barred from association with any FINRA member in all capacities. Without admitting or denying the findings, David Michael Stevens consented to the sanction and to the entry of findings that he forged the signature of an estate attorney and an accountant without their authorization or consent. The findings stated that Stevens submitted multiple life insurance applications for a customer, worth $23,950,000, and submitted applications for multiple loans on the policies, totaling approximately $1,000,000. When questioned by his member firm about the customer’s policies and loans, Stevens submitted two letters regarding the customer’s reasons for taking out the policies and loans, one purportedly from the customer’s estate attorney and the other purportedly from the customer’s accountant. Neither letter was genuine, but rather, Stevens created and falsified both letters prior to submitting them to the firm. (FINRA Case #2020068606301)