Former broker Jeffrey Alan Stewart has been charged with securities fraud and forgery.

According to Iowa City Press-Citizen , Stewart allegedly lied to clients about how he was investing their money and was moving client’s investments without their knowledge or consent.

In February 2012, Stewart allegedly posed as a victim and requested a $30,000 disbursement from the clients account. In a separate incident, he is accused of requesting $24,000 from a victim’s brokerage account and forging the victim’s signature on the check.
When brokers deliberately deceive clients and commit forgery they are likely in violation of several securities laws and FINRA regulations. If proven, the broker and the brokerage firm can be liable for investment losses.

According to BrokerCheck Stewart has worked for a number of broker dealers. He worked for Investors Brokerage Services from 08/2000-09/2000, Farmers Financial Solutions from 09/2000-08/2008, U.S. Bancorp Investments 08/2008 – 07/2009, Valic Financial 07/2009 – 05/2011, and most recently MML Investors Services 08/2011 – 12/2012.

If you suffered losses investing with Stewart and would like to discuss your litigation options, please call the securities attorneys of The White Law Group at (312)238-9650 for a free consultation.

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 more information on the firm, visit www.whitesecuritieslaw.com.