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Georgia Broker Busted by SEC

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At a glance:

A broker associated with Linsco/Private Ledger Corp. (LPL) in Georgia has been charged with fraud by the SEC and terminated from that company. 
 
Dennis A. Martin allegedly forged document signatures and misrepresented investments to clients as an independent contractor to LPL and on behalf of a fictitious company, "First Financial Group".  
 
The alleged wrongdoing involved fake purchase of annuities and securities, forging customers' signatures on checks and documents, and misrepresentation to clients.

SEC Files Fraud Charges against Bilking Broker -

CCH Wall Street - 5/17/2006 8:29 AM

The SEC has filed a complaint against Georgia-based broker Dennis A. Martin charging three counts of securities fraud. Martin may have netted more than $2.4 million through by misappropriating investor funds through forgery and gross misrepresentations.
 
The Commission’s charges coincided with a Georgia District Court order for a full accounting of all funds Martin received from his schemes, an expedited discovery process. It also prohibited destruction of documents, and ordered a freeze of Martin's assets
 
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