California Securities Fraud Attorney Call Today 800-699-1881
California Securities Fraud Lawyer Firm Overview Attorney Profiles Recoveries Obtained Frequently Asked Questions Testimonials Contact Us
information center
Attorney Advertising Disclaimer
Broker Misrepresentation
Brokerage Firms Sued
Structured Products
Hedge Fund Losses
Recognizing Investment Losses
Recovery of Investment Loss
Securities Arbitration
Reverse Convertible
Securities Fraud
Securities Mediation
Securities Litigation
Stock/ Investment Losses
Suitability/ Unsuitability
Unauthorized Trading
Common Claims
Frequently Asked Questions
Attorney Referrals
Video Center
securities fraud blog
legal blog Click here for a free case evaluation. Read our Articles on Securities Related Issues here. have a question resources
contact us
Are you a new client?
10 Avvo avvo badge
If you need help recovering your losses contact us today. View our complete list of brokerage firms and banks we've sued.

Matthew Donald Newman Fined & Suspended in Connection with Altered Form Submissions

The Financial Industry Regulatory Authority fined and suspended Matthew Donald Newman, formerly of Morgan Stanley Smith Barney in Santa Ana, California, for failing to timely respond to FINRA's multiple requests for information in connection with allegations about modifying an Alternative Mail Instructions form.

FINRA Case #2011026578402

According to the FINRA documents, Newman—who served with Morgan Stanley in a non-registered capacity—altered an "Alternative Mail Instructions" form by cutting an original customer signature from a separate firm document and pasting the cut signature onto the Alternative Mail Instructions form.

FINRA discovered the purpose of this form submission was to effect a change of address for the customer; the customer was found to have requested this submission.

Following the alleged misconduct, Morgan Stanley terminated Newman's association.

Though in this scenario, the affected investor was found to have requested the form's submission, FINRA routinely does not authorize firms and their charges to manipulate forms by affixing customer signatures from another source as the potential for abuse or nefarious conduct is real.

For instance, FINRA recently barred Wells Fargo financial advisor Frank Anthony Quartararo, Jr. for forging customer signatures in order to complete several transactions, resulting in the misappropriation of $775,400.

Though Matthew Donald Newman did not serve Morgan Stanley in a registered capacity—indeed, Newman worked as a non-registered fingerprint person as early as 2006 while with Citigroup Global Markets, Inc.—this case affirms that even unlicensed individuals may come into contact with firm documents related to investment activity.

If you have invested with Morgan Stanley or another firm that has written, completed and submitted forms on your behalf—with or without authorization—and this modified submission has proven harmful to your investments or interests, please call The Law Offices of Jonathan W. Evans & Associates at (800) 699-1881 for an investigation and consultation.

Categories: Discipline, FINRA, Forgery
The Law Offices of Jonathan W. Evans & Associates - California Securities Fraud Attorney
Located at 12711 Ventura Boulevard, Suite #440 Studio City, CA 91604. View Map
Phone: (800) 699-1881 | Local Phone: (818) 760-9880.