According to FINRA’s “Disciplinary and Other FINRA Actions” publication, David Glenn Chapman of PRUCO SECURITIES, LLC was recently barred for forging the signature of a deceased client in effort to renew the client’s insurance policy. Chapman also provided false information to FINRA regarding the renewal of the client’s policy.
FINRA found that Chapman signed the deceased client’s name to a letter without authority or consent, and submitted the letter to the insurance company to renew the client’s insurance policy. Chapman further arranged for his assistant to pay the outstanding premium on the policy using the assistant’s personal credit card. FINRA also states that Chapman claimed that the deceased client’s sister-in-law both signed and paid the premium for the renewal of the insurance policy; both statements allegedly false. As a result of such actions, Chapman earned a quarterly bonus of $325 from PRUCO SECURITIES.
According to FINRA’s Broker Check, David Glenn Chapman (CRD #1702066) of PRUCO SECURITES, LLC has been permanently barred as a broker or from otherwise associating with any FINRA member.
David Glenn Chapman was an acting broker for 25 years with the following securities firm(s):
PRUCO SECURITIES, LLC.
CRD #5685
MATAWAN, NJ
06/1988 – 01/2014
THE PRUDENTIAL INSURANCE COMPANY OF AMERICA
CRD #680
NEWARK, NJ
06/1988 – 12/1993
F.D. ROBERTS SECURITIES, INC.
CRD #693
02/1988 – 04/1988
If you or anyone you know has been a client of David Glenn Chapman or any of the above referenced securities firms and have suffered financial losses, please contact The Hanley Law to explore your legal rights. The Hanley Law is dedicated to helping investors who have been victims of securities fraud. If you have lost money as a result of securities fraud, you may be able to recover your financial losses. Contact us today toll free at (239) 649-0050 for a free initial consultation