Alexis Cooke – Financial Advisor/Broker Alexis Cooke Barred by FINRA | Goodman & Nekvasil, P.A. May Recover Investor Losses
Alexis Cooke was a previously licensed financial advisor with Pruco Securities and NYLife Securities. According to FINRA, Alexis Cooke was barred in August 2021.
According to FINRA:
Cooke consented to the sanction and to the entry of findings that she engaged in falsification, impersonation, and forgery with respect to two variable annuity applications involving two customers, and falsification with respect to two fixed annuity applications also involving those customers. The findings stated that this matter originated from Cooke’s member firm’s filing of a Uniform Termination Notice for Securities Industry Registration (Form U5) disclosing that she resigned during an internal investigation into allegations that she submitted insurance and annuity applications for customers without the customers’ full knowledge or consent for the purpose of meeting production requirements. The findings also stated that Cooke completed variable annuity applications and falsely represented them to the firm as authentic applications for transactions that the customers had authorized, when, in fact, they were submitted without each customer’s knowledge or consent. In addition, Cooke also completed and submitted two fixed annuity applications on behalf of the same two firm customers in that she falsely attested to meeting with them, witnessing their signatures, and reviewing their original driver’s license. Cooke received approximately $68,000 in advanced commissions for the applications, all of which was eventually recovered by the firm when the applications were not funded. The findings also included that Cooke created fake email addresses for the two firm customers that she used to electronically forge the customers’ signatures on the variable annuity applications. When the firm became suspicious as to why the applications remained unfunded, Cooke used the fake email addresses to impersonate the customers in correspondence with the firm, purportedly requesting to cancel the applications. At the time, Cooke was aware of the firm’s written supervisory procedures that prohibited registered representatives from signing customers’ names on applications and from impersonating customers. FINRA found that that Cooke provided false and misleading information to FINRA during her on-the-record interview, initially denying creating the fake email addresses and using the email accounts to forge the customers’ signatures. Only after FINRA presented Cooke with evidence that an email sent from the fake customer address shared the same IP address as Cooke’s personal email did she admit in testimony to creating both fake email addresses. Cooke then admitted in testimony to electronically forging one of the customer’s signatures on one variable annuity application but denied forging the other customer’s signature. Audit trail data provided by the firm after Cooke’s interview reflected that the other variable annuity application was also accessed and signed using a fake email address Cooke created.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost money on investments with Alexis Cooke and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning Alexis Cooke’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $200 million on behalf of victimized investors. If you lost money on investments with Alexis Cooke and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
Some of the information in this blog post was obtained on 8/17/2021 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.