- November 23, 2021
- Allstate Financial Services
Financial Services Broker Andrew Durham Suspended by FINRA After Allegations of Forgery
Andrew Durham (CRD#: 6541868) is a previously registered Broker.
He entered the securities industry in 2017 and previously worked for Allstate Financial Services, LLC.
Allegations Of Conduct Leading To Investment Loss
According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), in November 2021, FINRA sanctioned Andrew Durham, levying a civil and administrative penalty/fine of $5,000, and suspending him from all capacities for a period of four months beginning November 15, 2021 and ending March 14, 2022. The FINRA sanction states, “Without admitting or denying the findings, Durham consented to the sanctions and to the entry of findings that he forged a customer’s signature on a life insurance application submitted to his member firm’s insurance affiliate. The findings stated that Durham completed and submitted an application for a life insurance policy issued by the firm’s insurance affiliate, with a face value of $50,000, for a customer. For premium payments, Durham input his personal bank account information but falsely indicated the bank account belonged to the customer. Durham created a fake email address for the customer and forged the customer’s electronic signature on the policy application, which was then approved by the insurance affiliate. Durham never possessed the customer’s permission or authority to sign the policy application on the customer’s behalf.”
For a copy of the FINRA sanction, click here.
In addition, Andrew Durham has been the subject of one previous disclosure, including the following:
- July 2012–Andrew Durham’s bankruptcy was discharged.
For a copy of Andrew Durham’s FINRA BrokerCheck, click here.
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