Say Nie Sam Sanctioned for Falsifying Wire Transfer Forms

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FINRA fined and suspended broker Say Nie Sam, formerly of Wells Fargo Clearing Services (San Mateo, CA) and Morgan Stanley (Menlo Park, CA) for falsifying five wire transfer forms by placing photocopies of her customer's signatures on the wire transfer forms.

AWC #2016051210501

According to FINRA's report, Sam (CRD #5556645) falsified five outgoing wire transfer forms totaling $81,300 for a customer of hers at Morgan Stanley over a two-month period in 2016.

Sam purportedly falsified the forms by affixing multiple copies of the customer's signature to the documents and submitting them to Morgan Stanley as if they were authentic documents and signatures.

After Morgan Stanley Smith Barney permitted Sam to resign in August of 2016 based on allegations that she improperly photocopied client signatures from one form to another, Wells Fargo Clearing Services hired Sam in September before terminating her registration in December 2016. Saynie Sam's association with the Morgan Stanley brand goes back to 2008, when she was affiliated with Morgan Stanley's San Jose branch.

If you have invested with Say Nie Sam or with any broker or financial adviser whose falsification of documents—such as copying and pasting your signature onto forms and presenting those forms as genuine—has proven harmful to your investments or interests through financially detrimental transactions or authorizations, please call The Law Offices of Jonathan W. Evans & Associates at (800) 699-1881 for an investigation and consultation.