FINRA recently announced that Philip Louis Crouse, Sr., formerly of Nationwide Securities, Inc. in Renfrew, Pennsylvania, has been barred from association with any FINRA member in any capacity.

Without admitting or denying the findings, Crouse consented to the findings that he caused the securities in a customer’s retirement accounts to be liquidated and transferred the resulting proceeds to his member firm by forging the customer’s signature on transfer of asset forms without the customer’s knowledge and authorization. The findings further stated that without the customer’s knowledge or authorization, Crouse completed a variable annuity application and affected the purchase of a variable annuity for the customer through the firm by forging the customer’s signature on a document in connection with the purchase.

According to Crouse’s FINRA Broker Report (CRD), in addition to the FINRA investigations, Crouse has also been named in a customer complaint related to securities fraud. Specifically, the customer complaint alleged that Crouse affected an unauthorized transfer of funds.

If you have questions about investments you made with Philip Crouse or Nationwide Securities, Inc., or if you believe that you have been the victim of a securities fraud, The White Law Group may be able to help. To speak to a securities attorney, please call our Chicago office at 312-238-9650 for a free consultation.

The White Law Group is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida.

For more information on The White Law Group, visit http://whitesecuritieslaw.com.