FINRA suspended and fined former UnionBanc Investment Services, LLC broker Gregory James Bolduc for photocopying at least six customer signatures and submitting them as authentic to the Goleta, California-based firm.
The findings state that as part of a mutual funds portfolio purchase in 2013, Bolduc submitted 30 disclosure forms to UnionBanc that contained photocopied signatures of the customers instead of authentic signatures. In other words, Bolduc allegedly had each customer sign one disclosure form for all mutual funds and then photocopied this one signature onto all mutual fund disclosure forms before submitting the stack of forms to the firm.
FINRA alleged that Bolduc attempted to pass off each signature page as authentic, given that firm and industry regulations require an authentic signature on each individual disclosure form for each fund in the portfolio.
Bolduc's BrokerCheck report states that when a review uncovered the false signatures, UnionBanc permitted Bolduc to resign after the allegations. His BrokerCheck file also states that since 2009, Bolduc was registered with five California-based firms: Wamu Investments, Inc. (Port Hueneme), Chase Investment Services Corp. (Port Hueneme), Wells Fargo Advisors, LLC (Port Hueneme), UnionBanc and, most recently, Securities America, Inc. (Santa Barbara).
In his resignation from UnionBanc, Bolduc admitted placing photocopied signatures on forms, but accepted and consented to FINRA's findings of misconduct without admitting or denying them.
If you have invested with Gregory James Bolduc or with any broker, financial adviser or firm whose failure to submit fully authentic forms with real signatures for every individual fund or security, as required by firm or industry rule, has proven harmful to your investments or interests, please call The Law Offices of Jonathan W. Evans & Associates at (800) 699-1881 for investigation and consultation.