July 14, 2015
Christopher Yoon entered into a Letter of Acceptance Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that he:
- lied to a life insurance beneficiary to obtain a signed blank check
- forged or caused to e forged customer signatures on life insurance application and related documents
According to the AWC, Yoon instructed the life insurance beneficiary to write a check for $55,445.84, but to leave the payee line blank. Yoon told the beneficiary that the check was to pay for a purported penalty associated with paying out the $650,000 death benefit. There was in fact no such penalty.
After discussing the request with others, the beneficiary stopped payment on the check. Yoon ultimately returned the check, but only after lying about why he requested it.
Yoon was barred from associating with any FINRA member in any capacity.
According to FINRA records, Yoon was registered with PRUCO Securities in Paramus, New Jersey, from 8/2009-9/2014.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
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