FINRA bars New York man over forged annuity applications

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A registered representative from Holtsville, N.Y., was sanctioned by securities regulators after he forged customer’s signatures and initials on variable annuity applications and other documents, FINRA records show.

Kerry Dexter Barris also directed customers, who received an unauthorized electronic deposit of $11,280 into their bank account from the transfer agent of Barris’ member firm, to write a personal check payable to him for the money, records show.

He said he would return the funds to the transfer agent, but instead misappropriated the funds for his own use, records show.

Barris neither admitted nor denied the allegations, but did consent to FINRA’s findings.

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