4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs

La Mesa broker suspended for forgery

Decision against Robert Earl Holaday to be appealed

The Financial Industry Regulatory Authority (FINRA), which regulates brokerage firms and brokers selling securities in the United States, has fined Robert Earl Holaday of La Mesa $10,000 and suspended him from association with FINRA members for two years.

According to FINRA, Holaday forged or caused to be forged a customer's signature on a new account application form and financial advisor change form, and two customers' signatures on financial change forms to transfer three customers' accounts from one brokerage to another. FINRA concluded that the customers never signed the forms, never authorized anyone to sign the forms on their behalf, and never returned the forms to Holaday.

Holaday submitted the new account application to his firm and the financial advisor change forms to a mutual-fund company on the customers' behalf. The sanctions have been appealed and won't go into effect until the appeals process is complete.

Here's something you might be interested in.
Submit a free classified
or view all

Previous article

Where is the artisan milk market?

And what kind of animal got milked to make the cheese?
Next Article

San Diego's tugboat and truck drivers, El Cajon shopping cart retrievers, gutsy stuntmen

Who works in a circus, a sober lobsterman, 2900 pounds of urchins in one day, brutal life of a Brawley roper

The Financial Industry Regulatory Authority (FINRA), which regulates brokerage firms and brokers selling securities in the United States, has fined Robert Earl Holaday of La Mesa $10,000 and suspended him from association with FINRA members for two years.

According to FINRA, Holaday forged or caused to be forged a customer's signature on a new account application form and financial advisor change form, and two customers' signatures on financial change forms to transfer three customers' accounts from one brokerage to another. FINRA concluded that the customers never signed the forms, never authorized anyone to sign the forms on their behalf, and never returned the forms to Holaday.

Holaday submitted the new account application to his firm and the financial advisor change forms to a mutual-fund company on the customers' behalf. The sanctions have been appealed and won't go into effect until the appeals process is complete.

Sponsored
Here's something you might be interested in.
Submit a free classified
or view all
Previous article

Chicago Tribune deal wags San Diego tail

San Diego hires more flacks while begging money from Washington
Next Article

Where is the artisan milk market?

And what kind of animal got milked to make the cheese?
Comments
3

Another reason that Joe SixPac should not be in charge of their pension investments.

Aug. 20, 2015

AlexClarke: People should be extremely careful letting a broker make the decisions on their portfolios. I have done many columns through the years on people, suffering from dementia or something close to dementia, giving a broker discretion to handle their portfolio. Too often, the result is churning -- the broker doing massive buying and selling to jack up his commissions, as the portfolio sinks. Best, Don Bauder

Aug. 20, 2015

Don Bauder has done a great job in financial and business investigative journalism in the San Diego Region for decades. He is a breath of fresh air warning people about financial fraud, scams, bad and/or illegal behavior that may, otherwise, not come to light.
Thank you Don Bauder for all that you do!!!

March 29, 2017

Sign in to comment

Sign in

Art Reviews — W.S. Di Piero's eye on exhibits Ask a Hipster — Advice you didn't know you needed Best Buys — San Diego shopping Big Screen — Movie commentary Blurt — Music's inside track Booze News — San Diego spirits City Lights — News and politics Classical Music — Immortal beauty Classifieds — Free and easy Cover Stories — Front-page features Excerpts — Literary and spiritual excerpts Famous Former Neighbors — Next-door celebs Feast! — Food & drink reviews Feature Stories — Local news & stories From the Archives — Spotlight on the past Golden Dreams — Talk of the town Here's the Deal — Chad Deal's watering holes Just Announced — The scoop on shows Letters — Our inbox [email protected] — Local movie buffs share favorites Movie Reviews — Our critics' picks and pans Musician Interviews — Up close with local artists Neighborhood News from Stringers — Hyperlocal news News Ticker — News & politics Obermeyer — San Diego politics illustrated Of Note — Concert picks Out & About — What's Happening Overheard in San Diego — Eavesdropping illustrated Poetry — The old and the new Pour Over — Grab a cup Reader Travel — Travel section built by travelers Reading — The hunt for intellectuals Roam-O-Rama — SoCal's best hiking/biking trails San Diego Beer — Inside San Diego suds SD on the QT — Almost factual news Set 'em Up Joe — Bartenders' drink recipes Sheep and Goats — Places of worship Special Issues — The best of Sports — Athletics without gush Street Style — San Diego streets have style Suit Up — Fashion tips for dudes Theater Reviews — Local productions Theater antireviews — Narrow your search Tin Fork — Silver spoon alternative Under the Radar — Matt Potter's undercover work Unforgettable — Long-ago San Diego Unreal Estate — San Diego's priciest pads Waterfront — All things ocean Your Week — Daily event picks
4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
Close