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January 07, 2020 at 04:00 PM
(Photo: Thinkstock)
The Financial Industry Regulatory Authority separately barred two brokers who, among other infractions, allegedly forged documents and then didn’t cooperate with FINRA’s investigations into their actions, according to the regulator.
Without admitting or denying the findings, John Chrysadakis and Shlomo Strugano each signed a FINRA letter of acceptance, waiver and consent in which they agreed to be barred from associating with any FINRA member in any capacity.
Chrysadakis, an ex-Northwestern Mutual broker, signed his letter Dec. 13 and Strugano, an ex-First Allied Securities broker, signed his letter Dec. 10. Both letters were accepted by FINRA Jan. 6.
First Allied declined to comment Tuesday. Northwestern Mutual and the two brokers didn’t immediately respond to requests for comment. There were no attorneys listed for the brokers on their letters.
Chrysadakis was a broker with Northwestern Mutual from 2010 to 2019, according to his profile on FINRA’s BrokerCheck website.
On April 16, 2019, Northwestern Mutual filed a Uniform Termination Notice (Form U5) stating that, on March 19, 2019 it permitted Chrysadakis, “who denied all allegations,” to resign while he was under internal review for “alleged fraudulent activity, including alleged forgery of non-variable insurance forms and alleged submission of unauthorized non-variable policy applications,” as well as undisclosed financial liens and judgments, according to his FINRA AWC letter.
Chrysadakis then refused to cooperate with FINRA’s request for documents and information, according to the regulator. As a result, he violated FINRA Rules 8210 and 2010, it said.
