FINRA fined and suspended former Morgan Stanley broker Clare Marie Cail aka Claire McGovern for altering forms and other documents that had previously been signed by customers.
Investigators found that Clare Cail (CRD #2398511), who began her career at Invest Financial (now owned by LPL Financial), purportedly altered signed documents that had been submitted by eight different Morgan Stanley customers.
The report states some of the alterations made by Cail were checking boxes that signified beneficiary or disbursement decisions on documents such as account opening forms, authorizations for recurring withdrawals, and transfer on death beneficiary forms.
FINRA also charged Cail with submitting a falsified new account form by combining a new version of the form with a separate page that contained the customer's signature.
Investigators concluded that by altering forms and the falsification misconduct, Cail caused Morgan Stanley to maintain inaccurate books and records.
If you invested with former Invest Financial and Morgan Stanley broker Clare Marie Cail or with any representative or financial adviser who falsified account forms by improperly selecting beneficiary/disbursement decisions, or who submitted altered documents containing inaccurate information that in turn proved harmful to your investments or interests, please call an experienced FINRA arbitration attorney at The Law Offices of Jonathan W. Evans & Associates at (800) 699-1881 for an investigation and consultation.