A Registered Rep from Frankenmuth, MI, accepted a $5K fine and 30-day suspension to settle FINRA charges she affixed customer signatures and another registered rep’s name on documents without their knowledge or consent.  RR Neumeyer, who was assisting the other RR, took this action in response to a firm directive that corrections were needed on certain new account documents, including obtaining customer signatures on forms for a number of accounts. 

RR Neumeyer then sent by fax to her firm the documents with corrections that had been requested.  Upon review of the faxed documents, certain customer signatures were identified as appearing to have been cut and pasted onto the forms.  When questioned about the suspected falsified documents, the RR admitted she had altered the documentation for a customer, by cutting and pasting the customer’s signature on separate forms without the customer’s knowledge or consent;  the forms included disclosures about the nature of the customer’s investments. 

RR Neumeyer also signed the name of the RR whom she assisted on numerous different documents for a number of different customers.  These forgeries were made to acknowledgments that the RR reviewed the customer account documents “for completeness, accuracy, suitability and proper disclosures” and acknowledgments that the RR had scrutinized the customer’s information in compliance with the OFAC and the customer identification program (CIP), relating to the firm’s compliance with AML rules. 

[C-I Note:  It's not noted whether the other RR, whose own signature was forged, knew about the forgeries.]  This is FINRA Case #2009018415201.   [March Disciplinary Actions]