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FINRA Charges Nicholas Baecker with Forging Customer Signatures on Forms

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Former Thrivent Investment Management broker Nicholas Gregory Baecker accepted and consented to FINRA's findings that he electronically forged 16 firm customer signatures on life insurance applications, including variable policies.

According to AWC #2019063056701, Nicholas Baeker (CRD #5618205)'s forgeries caused Thrivent's Portland, Oregon branch to maintain inaccurate books and records and that Baeker was aware of Thrivent's supervisory procedures that required client signatures on firm documents be authentic, but nonetheless forged multiple signatures in contravention of firm policy.

In 2019, Thrivent Investment Management terminated Baecker for misstatements surrounding the inauthentic signatures on product applications including variable products. At the time, Baecker denied wrongdoing, stating, "I have no memory of collecting any client signatures improperly nor did I ever make any intentional misstatements on any applications."

In its December 2020 decision, which Baecker consented to and signed off on, FINRA deemed that Baecker indeed forged client signatures while a customer filed a dispute against Baecker, alleging that a variable annuity contract and whole life contract were not in her best interests.

If you have invested with Nicholas Gregory Baecker or with any broker or financial adviser who improperly forged your signature or otherwise submitted altered or fabricated documents on your behalf, such as applications or other account forms, and such inauthentic activity was 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.

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