Synovus Securities, Inc. He agreed to pay a fine of $ 315,000 as part of a settlement with the Financial Industry Regulatory Authority (Finra).
From January 2022 to September 2025, Synovus failed to establish, maintain and impose a rationally designed supervisory system, including written supervisory procedures (WSPS) in terms of forgery and falsification of electronic signatures.
As a result, the company failed to detect that the relevant people in a branch collectively forged or falsified more than 100 customer signatures in more than 150 documents and that company staff forged or falsified the signatures of registered representatives in more than 500 documents.
These forgery and falsifications resulted in the preservation of hundreds of inaccurate books and archives.
As a result, Synovus violated the rules of Finra 3110, 4511 and 2010, Article 17 (a) of the 1934 Mobile Exchange Act and the law on the exchange of Article 17A-3.
Above a fine of $ 315,000, the company agreed to a accusation.
Synovus Securities, Inc. He has been a member of Finra since October 1983 and is a full -service broker for retail investors. The company has about 250 registered representatives in about 90 branches and is based in Columbus, Georgia.