South Florida Arbitration & Litigation Lawyer Blog
Florida, FINRA Securities Fraud Arbitration Attorney, Russell L. Forkey, Esq.
Felipe J. Lorie (CRD #1861011, Registered Representative, Coral Gables, Florida, formerly licensed with Atlas One Financial Group, Inc.) was named as a respondent in a FINRA complaint alleging that he falsified LOAs regarding a customer’s account with his member firm, submitted the falsified LOAs to the firm, and obtained and exercised control over $21,290.60 in funds from the customer’s account without the customer’s knowledge or authorization. The complaint alleges that Lorie falsified LOAs for the customer’s brokerage account, with the LOAs requesting that checks be issued from the customer’s account to a mortgage company and contained the purported signature of the customer and the customer’s family members. The complaint also alleges that Lorie submitted the LOAs as authentic to his firm, and checks were issued to the mortgage company, when neither the customer nor any of his family members authorized or signed the LOAs, had any knowledge of the LOAs or had authorized the submission of the LOAs, or had any knowledge of the mortgage company to which the payment was made. The complaint further alleges that Lorie falsified another LOA for the customer’s brokerage account that contained the customer’s and the customer’s family members’ purported signatures, requesting that funds be transferred to a bank, and credited to a third party account. In addition, the complaint alleges that Lorie submitted the LOA as authentic to his firm, and the firm did not process this LOA request; however, neither the customer nor any of his family members authorized or signed the LOA, had any knowledge of the LOA or had authorized its submission. Moreover, the complaint alleges that Lorie’s submission of the falsified LOA requests to his firm for the customer’s account caused the firm’s books and records to be inaccurate. Furthermore, the complaint alleges that the checks drawn on the customer’s account and directed to the mortgage company were used as mortgage payment for Lorie’s personal mortgage. The complaint also alleges that Lorie failed to respond to FINRA requests for information. (FINRA Case #2009019867201).
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