Jacob Lerman – Forged Customer Signatures and Inaccurate Statements to FINRA

investors rights attorneysJacob Lerman Allegedly Forged Customer Signatures and Provided Inaccurate Statements to FINRA

Jacob Lerman, formerly a registered representative for Univest Investments, Inc. (“Univest”) consented, without admitting or denying the allegations, to findings that he engaged in “signing a client’s name to a product sponsor application without the knowledge or consent of the client,” according to Financial Industry Regulatory Authority (“FINRA”) documents currently under review by securities lawyers, Peiffer Rosca Wolf.

Lerman entered into a Consent Order with the Pennsylvania Insurance Commission in May 2012 in which he admitted to forging customer signatures on insurance policies. He was ordered to cease and desist, pay a civil penalty of $3,000, and repay commissions earned on the forged policies, according to FINRA’s Letter of Acceptance, Waiver, and Consent (AWC).

Jacob Lerman Barred from Securities Related Business

Jacob Lerman has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member firm in any and all capacities for forging a customer’s signature on an application to open an individual retirement account and subsequently providing inaccurate written response to FINRA.

Lerman admitted to the forgery and to the fact that he did not have customer’s authorization to sign the application in his on-the-record testimony.

Securities Lawyers Investigating

Peiffer Rosca Wolf investor rights attorneys are currently investigating the alleged misconduct of Jacob Lerman.

Peiffer Rosca Wolf attorneys take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of forgery by Jacob Lerman, may contact the investor rights attorneys at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1159 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.