Trent Davis Suspended by FINRA Following Alleged Forgery
Trent Davis (CRD #: 5523922), a broker formerly registered with Cambridge Investment Research, allegedly forged clients’ signatures, according to his BrokerCheck record, accessed on November 29, 2022. Read on if you want to know more about his conduct as a broker.
On October 26, 2022, Trent Davis consented to the entry of findings that he allegedly forged documents by cutting and pasting client signatures from previously-signed documents.
According to a Letter of Acceptance, Waiver & Consent (AWC), Trent Davis allegedly forged 181 firm documents between October 2019 and February 2020. These documents allegedly included the following:
- Broker/Dealer Change Request forms
- Client information and suitability profiles
- IRA Rollover Disclosures and Acknowledgements
- Change of Beneficiary forms
- IRA/ESA Distribution Request forms
Though his clients allegedly authorized the activities initiated by these forms, they allegedly did not provide permission for the use of their signatures.
The AWC concluded that Trent Davis violated FINRA Rules 4511 and 2010.
FINRA Rules 4511 and 2010
FINRA Rule 4511 requires firms to keep accurate books and records.
FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.
Trent Davis consented to the following sanctions:
- $5,000 fine
- 4-month suspension
His suspension began on November 7, 2022, and will end on March 6, 2023.
You can read a copy of the AWC here.
Termination from Cambridge Investment Research
On April 8, 2021, Trent Davis was fired from Cambridge Investment Research after allegedly reusing client signatures from previously-signed forms.
Trent Davis has passed the following exams:
- Series 66 – Uniform Combined State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 – General Securities Representative Examination
He previously worked for Cambridge Investment Research (CRD#:39543) and FSC Securities (CRD#:7461).
Kurta Law Can Help
If you worked with Trent Davis and you have concerns about your investments, please contact us today at 877-600-0098 or firstname.lastname@example.org for a free consultation.
For over 20 years, Kurta Law has advocated on behalf of investors who want 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.