In accordance with the terms of the AWC, FINRA imposed upon Cagle a $5,000 fine and a two-month-suspension from association with any FINRA member in any capacity. Previously signed power-of-attorney document even though Cagle had notįINRA deemed Cagle's conduct to have caused Merrill Lynch to maintain inaccurateīooks and records in violation of FINRA Rules 4511 and, as such, to have constituted her violation of FINRA Rules 45.
The AWC asserts that in May 2014, Merrill Lynch sent a disciplinary letter to Cagle in which she was cited for:Īltering certain documents after they had already beenĬagle added customer occupation information and signed as a witness to another customer's The AWC asserts that Cagle was first registered in 2013 with FINRA member firm Merrill Lynch, Pierce, Cagle submitted a Letter ofĪcceptance, Waiver and Consent ("AWC"), which FINRA accepted. Without an adjudication of any issue, Adriane L. Without admitting or denying the findings, prior to a regulatory hearing, and As a recent FINRA regulatory settlement demonstrates, there are more than a few clueless folks working on Wall Street.įor the purpose of proposing a settlement of rule violationsĪlleged by the Financial Industry Regulatory Authority ("FINRA"), For some reason, "no" doesn't quite register with them.
No matter how gentle or persistent the warnings. FINRA Fines And Suspends Merrill Rep For Altering Client Documents April 12, 2017
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