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Questions Answered by Robert K. Savage
2 Answers | Asked in Family Law and Stockbroker Fraud for Florida on
Q: How serious is it if somebody who has a series 7 license opens an account in my mine and then cashes out the profits?

I'm in the process of a divorce, and I disagree with spouses financial affidavit. Here are a few reasons why:

I have discovered that my spouse forged my signature to open an investment account in my name and then cashed out and I don't know where the money went. Is this something... Read more »

Robert K. Savage
Robert K. Savage answered on Mar 16, 2020

Hi, I agree: this is definitely shady and wrong.

Your spouse is not permitted to sign your name unless you signed a power of attorney document giving him the explicit authority to do so. Thus, if your spouse forged your signature, most fact finders would determine that that is fraud....
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