Alon Zak Allegedly Forged Investor Signatures
Alon Zak (CRD #: 5734529), a previously registered broker with Pruco Securities, is the subject of a FINRA regulatory action, according to his BrokerCheck record, accessed on October 18, 2021.
Alon Zak’s FINRA Allegations
On August 19, 2021, FINRA named Alon Zak in a complaint. He allegedly created fake life insurance policy applications by forging customers’ signatures.
According to the complaint, from April 2019 through August 2019, Alon Zak reportedly created three fictitious life insurance policy applications and then submitted them to Pruco Securities’ insurance affiliate. Alon Zak then allegedly forged the customers’ signatures without consent. As a result, Alon Zak violated FINRA Rule 2010.
In 2020, Alon Zak allegedly failed to respond to written requests from FINRA staff for information and documents in a timely manner, in violation of FINRA Rule 8210.
You can read more about the complaint here.
FINRA Rules 8210 and 2010
FINRA Rule 8210 states that for purposes of an investigation, FINRA has the right to require a person subject to FINRA’s jurisdiction to provide information orally [or] in writing with respect to any matter involved in the investigation.
A violation of FINRA Rule 8210 is also a violation of FINRA Rule 2010, which requires member firms and their associated persons to “observe high standards of commercial honor and just and equitable principles of trade.”
Alon Zak’s Employment Termination
On January 8, 2020, Pruco Securities fired Alon Zak following allegations that he submitted non-genuine signatures on electronic life insurance applications and used personal email accounts to conduct company business.
Alon Zak Background Information
Alon Zak has passed the following exams:
- Series 63 – Uniform Securities Agent State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 6 – Investment Company Products/Variable Contracts Representative Examination
Alon Zak has worked with the following firms:
- Pruco Securities, LLC. (CRD#:5685)
- Mml Investors Services, LLC (CRD#:10409)
- Allstate Financial Services, LLC (CRD#:18272)
Kurta Law Can Help
If you have suffered losses after working with Alon Zak, please contact us today at 877-600-0098 or firstname.lastname@example.org for a free consultation.
For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.