Cristina Sabengsy – Financial Advisor/Broker Cristina Sabengsy Barred from Securities Industry | Goodman & Nekvasil P.A., May Recover Investor Losses
Cristina Sabengsy CRD #6304970
Cristina Sabengsy was a formerly licensed financial advisor with NYLife Securities LLC. According to FINRA, Cristina Sabengsy was barred from the securities industry in October 2019.
According to FINRA Allegations:
FINRA Rule 2010 requires registered representatives to “observe high standards of commercial honor and just and equitable principles of trade” in the conduct of their business.
While associated with the Firm, Cristina Sabengsy forged the signatures of two of her customers in order to facilitate unauthorized insurance transactions and obtain commissions on those transactions. Specifically, in August 2017, Cristina Sabengsy forged the signature of her customer RD on two documents related to the purchase of a variable annuity policy. RD was not aware of, and did not authorize or consent to, the purchase of the variable annuity policy.’ In addition, in October 2017, Cristina Sabengsy forged the signature of another customer, SM, on two insurance policy documents in order to effect a transaction converting his term life insurance policy to a whole life insurance policy. SM was not aware of, and did not authorize or consent to, the policy conversion.
Cristina Sabengsy forged customers’ signatures on at least 10 other documents while associated with the Firm. Although in these instances the underlying transactions were authorized, the customers did not authorize Sabengsy to sign their names on the documents. Sabengsy forged the customers’ signatures in order to advance the receipt of commissions. Specifically, in April 2016, Sabengsy forged the signature of her customer RM on eight documents relating to the purchase of two term life insurance policies, and in May 2017, Sabengsy forged the signature of her customer RD on two documents related to the purchase of a whole life insurance policy. Neither RM nor RD authorized Sabengsy to sign their names on the documents.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost money on investments with Cristina Sabengsy 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 Cristina Sabengsy’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 $180 million on behalf of victimized investors. If you lost money on investments with Cristina Sabengsy 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.
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