William James Hite (William Hite) – Financial Advisor/Broker William Hite Suspended from Securities Industry | Goodman & Nekvasil, P.A. May Recover Investor Losses
William James Hite (William Hite) CRD #1675972
William Hite was a previously licensed financial advisor/broker with NYLife Securities, LLC and MetLife Securities, Inc. According to FINRA, William Hite was fined $7,500 and suspended from the securities industry for six months in April 2020.
According to FINRA Allegations:
William Hite consented to the sanctions and to the entry of findings that he forged an elderly customer’s signature on documents in connection with an exchange transaction from a variable annuity to a fixed annuity. The findings stated that Hite forged the customer’s handwritten signature in one instance and electronically forged the customer’s signature in other instances. William Hite’s forgeries are aggravated by the fact that in order to authenticate the electronic signatures he re-created an email address previously used by the customer and used it to verify the forged electronic signatures. Unbeknownst to William Hite, the customer had passed away prior to the forgeries. Although the customer had previously signed these documents, William Hite was not authorized to sign for the customer. Hite submitted the transaction related documents to his member firm for processing as originals signed by the customer.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost money on investments with William Hite 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 William Hite’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 William Hite 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 4/23/2020 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.
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