Saynie Sam Has Been Sanctioned by FINRA

Saynie SamPublicly available records published by the Financial Industry Regulatory Authority (FINRA) on July 6, 2017 indicate that former California-based Wells Fargo Clearing Services broker/adviser Saynie Sam has been sanctioned by FINRA and suspended from acting as a broker. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Ms. Sam (CRD# 5556645).

Saynie Sam has spent eight years in the securities industry and was most recently registered with Wells Fargo Clearing Services in San Mateo, California (2016). Previous registrations include Morgan Stanley in Menlo Park, California and Morgan Stanley & Company in San Jose, California. She has passed three securities industry examinations: Series 66 (Uniform Combined State Law Examination); Series 31 (Futures Managed Funds Examination); and Series 7 (General Securities Representative Examination). She is currently not registered with any state or firm.

According to her BrokerCheck report, she has been sanctioned by FINRA and resigned from her former employer.

In June 2017 FINRA sanctioned Saynie Sam following allegations she “falsified five wire transfer forms totaling $81,300 for a customer by affixing photocopies of the customer’s signature to the wire transfer forms and submitting the form to her member firm as an authentic document from the customer.” FINRA’s findings state further that “while the customer did not sign the wire transfer forms submitted to the firm, the customer authorized each transaction.” She was issued a 2-month suspension and a fine of $5,000.

In 2016 Saynie Sam voluntarily resigned from her position at Morgan Stanley Smith Barney following allegations she “photocopied client signature from one form to another,” though the “transactions were consistent with the client’s instructions.”

If you or someone you know has lost money investing with Saynie Sam, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.