John Charles Guys Barred for Misappropriation of Funds, Creating Fake Premium Finance Agreements and Forging Customer Signatures

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The Financial Industry Regulatory Authority barred broker John Charles Guys of Fairfield, Connecticut for the alleged misappropriation of $123,000 by fabricating documents and forging customer signatures while associated with Nationwide Securities, LLC and licensed as an insurance agent through Nationwide affiliate, Boccarossa Insurance, LLC.

FINRA Case #2011026482601

FINRA's investigation found that from 2009 to 2010, Guys created false documents and submitted them to the insurance premium finance company First Insurance Funding Corporation, inaccurately stating that Boccarossa Insurance customers were seeking to finance upfront premium payments to insurance carriers.

FINRA claims that Guys then converted some of the obtained funds for personal use and by his misconduct's end, had created at least 15 fake Premium Finance Agreements, which he submitted to First Insurance, forging actual customer signatures in several of these forms.

If you invested with John Charles Guys or suspect a broker or advisor has falsely represented your interests by engaging in authorized transactions or signing documents in your name without your permission, and this illicit activity 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.

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