An AWC was issued in which Smith was assessed a deferred fine of $5,000 and suspended from association with any FINRA member in all capacities for three months. Without admitting or denying the findings, Smith consented to the sanctions and to the entry of findings that he maintained and used pre-signed and altered forms which caused his member firm to have inaccurate books and records. The findings stated that Smith had customers sign blank forms and made additional photocopies of some of the blank-signed forms so that he could reuse the customers’ signatures. Smith utilized these blank-signed forms to effect transactions authorized by the clients. In addition, Smith, with a client’s authorization, submitted an altered, pre-signed form upon which correction fluid had been used to white-out and correct an inaccurate bank account number. The suspension is in effect from September 5, 2017, through December 4, 2017. (FINRA Case #2012033566202)
