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Robert Ward Has Received Two Regulatory Sanctions


Robert Ward

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on May 11, 2017 indicate that former Minnesota-based Thrivent Investment Management broker/adviser Robert Ward has been sanctioned by FINRA and suspended from acting as a broker. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Ward (CRD# 4324025).

Robert Ward has spent 14 years in the securities industry and was most recently registered with Thrivent Investment Management in Eagan, Minnesota (2002-2015). He was previously registered with Lutheran Brotherhood Securities in Minneapolis, Minnesota (2001-2002). He is currently not affiliated with any broker-dealer firm.

According to his BrokerCheck report, he has received two regulatory sanctions and was terminated from a former employer.

In April 2017 FINRA sanctioned him following allegations that “contrary to his member firm’s written supervisory procedures (WSPs) Ward engaged, and permitted other firm employees in his office to engage, in a practice of obtaining customer signatures on blank or incomplete forms and photocopying customer signatures from previously signed documents.” FINRA’s findings state further: “Ward was aware of the firm’s WSPs with respect to signatures, having been reprimanded by the firm for violating the firm’s signature-related policies. The findings also stated that the blank or incomplete forms included, among others, new account agreements, annuity applications, asset transfer requests, and beneficiary designation forms. The forms were completed by Ward or one of the other firm employees in his office and then submitted to the firm for processing for purposes of, among other things, opening customer accounts, recording customer financial information and authorizing customer transactions. The firm did not receive any requests from customers to cancel or otherwise reverse the transactions at issue. In addition, by engaging in this conduct, Ward caused the firm to create and maintain inaccurate books and records.” He was issued a nine-month suspension and a fine of $7,500.

In February 2016 the State of Minnesota sanctioned him following allegations he “had clients sign blank documents.” He was issued a 6-month suspension and a fine of $5,000.

In 2015 he was discharged from his position at Thrivent Investment Management following allegations he admitted to engaging in and instructing others to engage in “signature irregularities and document alterations by having customers sign blank signature pages, recycling previously signed signatures through photocopying or cutting and pasting and using white-out to alter previously signed documents.”

If you or someone you know has lost money investing with Robert Ward, 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 by law, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.