November 27, 2023 – An AWC was issued in which Morse was fined $5,000 and suspended from association with any FINRA member in all capacities for 20 business days. Without admitting or denying the findings, Morse consented to the sanctions and to the entry of findings that he created an updated customer profile document for a senior customer that included inaccurate information about the customer. The findings stated that the customer complained to Morse’s member firm that information on her customer profile, including her investment objectives, risk tolerance, and liquid net worth, were inaccurate. Following communications with the customer, Morse created the revised customer profile document, which contained some of the changes the customer requested but was inaccurate with respect to aspects of the customer’s stated investment needs. After revising the customer profile document, Morse affixed the customer’s signature without her permission. By falsifying the customer’s profile document and forging her signature, Morse caused his firm to maintain inaccurate books and records.
The suspension is in effect from December 18, 2023, through January 17, 2024. (FINRA Case #2019063686207)
Matthew Schwartz
Matthew Schwartz represents clients harmed by lawyers, accountants, insurance professionals, real estate agents, brokers, financial advisors, and other trusted professionals. He handles Florida litigation and nationwide FINRA arbitration. He has been recognized in The Best Lawyers in America® and named to the Best Law Firms® list.
More about Matthew