According to FINRA records, William D. Keltner , a stockbroker who currently works for MWA Financial Services, discloses a recently resolved customer dispute.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In a recently resolved matter, a customer alleged that in 12/2011 an individual, not related to the customer, used a fraudulent notarized general power of attorney bearding the customer’s alleged signature to open a checking account with Wells Fargo bearing the individual’s and the customer’s name. That same day, the individual contacted and spoke with Keltner to request a $70,000 wire transfer from the customer’s fixed annuity held with the firm’s parent company to the checking account. The customer alleged that Keltner negligently and fraudulently authorized the transfer without contacting the customer to confirm the transaction. That matter was settled in 9/2015 for $150,000.
According to a statement from Keltner, the customer’s accountant stole the customer’s identity and used the information to request the withdrawal.
Keltner has been employed by MWA Financial Services since 10/2001.
If you have questions about an account handled by William D. Keltner , call for a no charge consultation.
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.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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