John Ahramjian Sanctioned by Securities Regulators After Allegedly Falsifying Withdrawal Forms

Cleveland stockbroker fraud lawyerJohn Leonard Ahramjian, formerly associated with MetLife Securities, Inc., falsified documents by signing his customers’ names, according to allegations made by the Financial Industry Regulatory Authority (“FINRA”).

The Peiffer Rosca securities practice attorneys Alan Rosca and Joe Peiffer are investigating the matter.

Ahramjian falsified variable annuity withdrawal forms he submitted on behalf of certain MetLife customers by either signing the customer’s name to the withdrawal form or by changing the date on a previously-signed and used withdrawal form, according to FINRA.

Overall, 11 customers were affected, all of whom requested the withdrawals and confirmed receipt of the withdrawal process, according to FINRA. With one exception, the falsifications were undertaken by Ahramjian without the customers’ knowledge and approval.

Ahramjian consented to a four month suspension from the securities industry and a $7,500 without denying or admitting FINRA’s findings.

The Peiffer Rosca securities attorneys often represent investors who lose money as a result of Ponzi schemes, investment fraud, or stockbroker misconduct. They are currently investigating the possibility of assisting victims with the recovery of their losses. They 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 investment fraud or misconduct may contact the securities lawyers at Peiffer Rosca, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.

Broker: John Leonard Ahramjian

Status: INVESTIGATED by Peiffer Rosca.

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Alan Rosca (1252 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.