South Florida Arbitration & Litigation Lawyer Blog
FINRA Arbitration Attorney, Russell L. Forkey, Esq.
Hsin-Chuan Hsu aka Henry Hsu (CRD #1655196, Registered Representative, Marlboro, New Jersey) was named as a respondent in a FINRA complaint alleging that he fraudulently caused the transfer of profitable trades that were originally billed to the accounts of firm’s customers into his relatives accounts, resulting in profits to one of the relative’s account of approximately $47,118 and profits to the other relative’s account of approximately $2,625. The complaint alleges that Hsu caused these fraudulent transfers by submitting trade correction forms known as Non-Market Error Trade Correction forms to the firm’s wire room, and forged some of the forms by placing photocopies of firm managers’ signatures on the forms without their knowledge or approval, and submitted the forms to the wire room for processing. The complaint also alleges that the firm became aware of Hsu’s transfer of profitable trades and related forgeries, and is in the process of making restitution to the affected customers. (FINRA Case #2008015805401)
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