According to a FINRA disciplinary action announcement, Gregg Matthews Kuchar (CRD #1033768, Asheville, North Carolina) recently submitted a Letter of Acceptance, Waiver and Consent in which he was barred from association with any FINRA member in any capacity.
Without admitting or denying the findings, Kuchar consented to the sanction and to the entry of findings that, in connection with a client’s wish to transfer an investment and then sell it to obtain the proceeds, he forged the client’s signature and initials on both the transfer and distribution forms. The findings stated that Kuchar submitted a forged transfer on death (TOD) form to a real estate company, on behalf of clients who had both passed away without any children or beneficiaries. The clients had accounts with the company holding approximately $210,000 in real estate investment trust shares. Shortly before submitting the TOD, Kuchar contacted the company about acquiring the form and then forged the clients’ signatures on the form, back-dated it, and submitted it to the company. The company noted concerns with the form, froze the account, and contacted Kuchar’s member firm. Subsequently, Kuchar admitted in a letter to his firm that he had forged the clients’ signatures. The findings also stated that Kuchar called the company and a life insurance company impersonating an elderly client, and attempted to obtain confidential information related to withdrawing the client’s required minimum distributions from an investment.
For the full findings, see FINRA Case #2013035724701.
According to his FINRA Broker Report, Kuchar was registered with Synergy Investment Group from January 2004 through December 2007, Southeast Investments, N.C. from January 2008 through April 2012 and Peak Brokerage Services from May 2012 through January 2013.
The foregoing information, which is all publicly available on FINRA’s website, is being provided by The White Law Group.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.
For a free consultation with a securities attorney, call The White Law Group at 312/238-9650. For more information on the firm, visit https://whitesecuritieslaw.com.Tags: Gregg Matthews Kuchar Peak Brokerage, Gregg Matthews Kuchar Southeast Investments, Gregg Matthews Kuchar Synergy Investment Last modified: July 17, 2015