An irreverent Wall Street Blog
by Bill Singer

EMPLOYMENT TUESDAY at BrokeAndBroker

November 7, 2011

Visit the BrokeAndBroker Employment Page

 

Job Widgets
 
 

A Paperwork Shortcut Nearly
Short-Circuits a Young Broker's Career

Maybe it doesn't happen to every stockbroker but, if not, it's certainly something that's crossed a lot of folks' minds.  It's one of those who's gonna know temptations that often dangle before a busy producer and entices him or her to step over the line.  Here's how it sets up in Bill Singer's "Street Legal" column at Registered Rep. magazine this month:

Faced with looking like a jerk in front of a busy customer and fearing he would lose a promised interest rate, Medina opted for a shortcut - he placed a photocopy of the client's genuine signature onto the application, without her knowledge or consent. Thereafter, Medina submitted the altered document to PNC.

In December 2008, Medina's branch manager discovered the client's photocopied signature. Medina was promptly confronted with the discrepancy and he readily admitted his misconduct - and immediately submitted his resignation.

READ the full story at: A Paperwork Shortcut Nearly Short-Circuits a Young Broker's Career

Permalink

Search BrokeAndBroker

Related Topics

Previous Entries

Tag Cloud

Bill Singer BrokeAndBroker FINRA Arbitration AWC SEC BrokeAndBroker.com Expungement Employment BrokerAndBroker Guest Blog Street Sweeper Guest Blogger Wells Fargo Bill SInger Jobs U5 OBA Fraud Aegis Frumento Promissory Note Email U4 Merrill Lynch Morgan Stanley EFL Wire Fraud UBS Elderly CRD Defamation Statutory Disqualification Forbes FBI PST Suitability Ponzi ALJ Citigroup InSecurities DOJ Whistleblower Rule 3270 BrokerCheck Borrowing Supervision BrokeAndBroker OHO NAC Form U4 IRS OIP Outside Business Activity Bank Supreme Court Willful Felony Expenses SDNY Wrongful Termination Ameriprise Wachovia Pro Se Rule 2080 Securities Industry Commentator IRA Mail Fraud Discretion Rule 8210 Wife WSP Insider Trading Dodd Frank NASD Husband CCO Raymond James RIA Rule 1122 Discovery Business Expenses Form U5 Forgery Punitive Damages Conversion Checks Bankruptcy JP Morgan Willfulness Rule 2010 Tax Settlement Rule 3240 Estate LPL Trump Employment Tuesday Small Firm Madoff NYSE Stephen Kohn Bar Frumento Credit Card Rule 3040 Wall Street Private Securities Transaction Annuities Outside Business Activities Margin Edward Jones Commissions Rule 3280 Impersonation Facebook Real Estate Tax Liens Indictment 2Cir Antitrust Corrective Action Statement Insurance Promissory Notes Power of Attorney Schwab Exam Tax Lien Mortgage SRO ETF Bank of America Injunction Beneficiary Street Legal Spouse ATM TRO Misdemeanor Test Trust OTR Offer of Settlement Wire Rule 12206 Complaint Signature Rule 2510 Case In Point Options Remand POA VA Lien Initial Decision ARS Away Account Barclays Annuity Appeal CFTC Goldman Sachs NASDAQ Schapiro Liens ACQ Crypto Employee Forgivable Loan Blockchain NSF Trustee T&P Securities Fraud Due Diligence Loan Stay Sanctions Spouses Conspiracy Money Laundering Jurisdiction email RBC Unauthorized Discretion PCAOB Rule 4530 Deutsche Bank Signatures NASAA Bonus Eligibility Rule COVID DCCir HFT FAA Customer Fidelity Retaliation Great Recession Burris E*Trade Rule 4511 Board Failure to Supervise Dissent Flash Crash Cease And Desist Compliance Chase Mandatory Arbitration Motion to Dismiss Undisclosed Settlement Credit Cards OWB Vacatur Huffington Post Continuing Education 9Cir Explained Decision Fiduciary Rule 12200 Broker Protocol LOA Rule 3010 Scottrade Solicitation Reg SP Discrimination Willfully Severance Unsuitability Variable Annuity Bharara Customer Complaint Disclosure Hacker JPMorgan Deceased Rule 3050 Identity Theft brokeandbroker Registered Rep Magazine Unauthorized Trading RRBDLAW.com arbitration Malware Hacking Gallagher Lehman Brothers Disgorgement Unfair Competition MSSB Coronavirus Cryptocurrency Divorce Stifel Reimbursement FINRA Arbitration Class Action Annual Compliance Questionnaire Wey Forex Bitcoin Retirement Variable Annuities Personal Expenses Website Letter of Authorization Lucia Apple Sexism 10Cir TD Ameritrade Manifest Disregard Sexist Audit employment REIT Spoofing Motion to Vacate Stockbrokers Wedbush FINOP MC-400 BOP Postponement Self Regulation Second Circuit Solicited BrokeAndBroker Bill Singer Internet Rule 12805 Social Media jobs Elder Abuse Lehman Prison Registration Examination 2nd Circuit Due Process RMBS LIBOR Zipper Statute of Limitations Brummer Net Capital Commission Will Away Accounts Confidential Information RRBDlaw.com Morgan Keegan Imposter Indemnification Arbitraiton WSPs Kokesh Board of Governors Unsolicited Private Securities Transactions Private Placement Waiver Charles Schwab Trading Platform bill singer BrokeandBroker Unjust Enrichment Judgments Rule 2111 Sanction Guidelines Plea Hilton Weiner Bureau of Prisons Rule 3110 Debit Card Hedge Fund Marijuana China MetLife Rule 2150 Time And Price Loans ADA Newman Telephone IC3 BrokeAndBroker.com Blog Bonds FOREX Dakota Securities Fees Emails OSHA Botkin Joshua Brown BD Regulation SP JOBS Act Puerto Rico Credit Suisse Lawyer CPA FNMA IPO Confirm PNC Public Interest Protocol Check Kiting Counterclaim Employment Agreement TOD Concentration NYAG IAR CRS Charge Reg S-P AML Rakoff Cheating Mutual Funds Rule 9552 Stifel Nicolaus CE Obstruction of Justice Motion to Confirm FINRA Board Small Firm Governor Widow CNBC Knight Testimony DOL Bear Stearns Suspension Crowdfunding expungement Auction Rate Securities Compensation Piwowar Feigenbaum ING Oppenheimer Ketchum Taxes Rule 4513 Customer Information TSSB Elder Fraud Statutory Disqualification Committee Non Solicitation Conflict Shah Gilani Pennystock Rosenthal Recruiting USERRA PN Medicare Morgan Stanely Membership Continuance Standing Raiding Rule 13805 Restaurant Rule 12904 Appointments Clause Hurry Stanford Bloomberg Charity Termination Rule 2081 MF Global 4Cir Rule 12504 OIG Article V EIA Bank Fraud Unsuitable Reg D SAC 3Cir Pennystocks Banc of America Tortious Interference Confidential Bandimere VIX Passcode Dementia Woody Allen Check Cannabis CEO Gold SDFL High Frequency Trading Inability to Pay Diversity Wine Margin Call Broke And Broker Churning Whistleblowing Aleynikov Mother Series 7 Immunity TheBlot Day Trading Phishing Affiliate Embezzlement Circuit Court Sales Assistant Wire Transfer Exhaustion of Administrative Remedies Affinity Fraud Executor Rule 13200 Khuzami Statement of Corrective Action BrokeAndBroke Consent Order Casino Kon ACH Private Placements Laptop Self Regulatory Organization Constitution Nietzsche 9/11 Joint Account Corzine Failure To Supervise Information TCR Talman Harris Amazon OCIE SunTrust Motion to Compel Marine Corps Marines Vietnam AAA Ride the Thunder Attorneys Fees Honorarium Trade Secrets Yesenia Guitron Commodities Fraud Government Accountability Project Whitman Linde Murphy Eligibility Wanger White Ethereum Johnny Burris securities industry commentator Guitron Probate ICO Libel Hugh Hewitt IM Vault Bid Rigging Chief Compliance Officer Morgan Stanley Smith Barney McDuff Layering Teleconference Accounting Moon Administrative Remedies Testing Smith Barney NPR Funds Written Supervisory Procedures Penson Obstruction Aguilar Subpoena Unregistered Argentina Side Bar Rule 2210 David Sobel Finder\'s Fee JPM Disability Leveraged ETF 6Cir Unauthorized Practice of Law Non-Solicitation Rule 3030 FINRA AWC WB-APP Parking Form ADV 401k PAQ Biden 6th Circuit Federal Reserve Research Hearing HSBC Mutual Fund Sharemaster EDNY Rule 12212 Negligence Outside Account Medical Condition Slander Deferred Compensation Corruption Star Wars Poteroba Lincoln Financial Marketplace Online Lawyers Sexual Harassment Respondeat Superior Enforcement FCI Data Service Rule 9216 Hester Peirce Inside Information Female Reverse Life Insurance 11Cir Fowler Guest Bloggers Permanent Bar LLC Thain Stop Loss 1Cir Client Information Absolute Immunity RRBDlaw Preliminary Injunction Red Flags Electronic Communications Robert Cook FCI Beaumont Sexual Discrimination Motion CDO Johnson Jennifer Tarr Tax Fraud FOCUS Sarbanes Oxley Excessive Trading Hospital Withdrawals Capital Gains S&P Robert Muh Fine Kiting Life Insurance Do Not Call Florida Equity Indexed Annuities Copyright Settling Away Arbitration David Lerner Rory Flynn Blank Forms Investor Alert Fiduciary Duty Timban Taft Correctional Institution Cold Spring Advisory Group signature CD RICO Scholander Rationale SP Escrow Saad Christian Stanley Department of Justice Turnover VXX Confirmation Dell Inmate Meals Backstage Wall Street Arrest Chase Investment Services 401(k) Prudential WaMu Elder Law Commissioner Stein Fee YouTube Disciplinary History SD Relevant Disciplinary History Selling Away Crime Pruco NYG Capital Non Solicit Scottsdale Trading Regulation S-P Fifth Amendment Rule 21F Commodities Rule 1031 Racism Password Self Directed AXA 11th Circuit Schneiderman Netschi Moore Chiasson Money Market Chevron BrokeAndbroker Oral Discretion Over Concentration ESOP Relevant Reuters Regulation Annual Audit 17a-5 Congress Stockbroker Beneficiaries FMLA Newport Coast Securities FCPA Death Trader BrokerAndBroker.com Control Person Resignation Investment Adviser Elles First Amendment 40 Act Attorneys\' Fees Stipulated Award Expert Witness SIFMA Fines PIABA Judgment Puts Google Verbal Discretion TIC Obama BATS Texting RR Rule 9554 NoCA Counterfeit Privilege money laundering OWWP Third Party Vendor FINRA Small Firm Rule 2370 Outside Accounts CGMI Test Center Reform Whistleblowers NDCA Arbitrator Prime Bank State Farm DPA RRBDLAW Advisor Placement Group Merger EDPA NYLIFE EEOC Risk Exotic ETF Spoliation Work Product Diamonds Books And Records 8210 CMO Patriot Act Merrill Legend Subway Deferred Prosecution Agreement Theft Motion To Dismiss Lee Bill Singer BrokeAndBroker Hackers Rule 2430 NML Anderson Non Compete Gnomes Microcap South Park Banks Cybercrime Gifts Fourth Amendment Reasonable Scam Dylan Flash Drive Leveraged ETFs Rule 3310 Martoma Promoter Tippee National Securities Tipper ALJ Foelak Altered Records SEC Rules of Practice UIT Evidence Robinhood IBM Janney Montgomery Scott Lewis Carroll Father Reverse Merger Chase Bank Payroll Quasi Governmental Martin Collateral Solomon Credit Repair State Actor Cellphone Preliminary Determination Travel Malice US Airways Executrix Silver Confidentiality Age Discrimination Allstate Customers Mary Jo White ADEA BIll Singer Bank Guarantee Excel Compliance Officer PHC Rules of Practice Rule 420 Reason for Termination Koval Pension Election Summary Judgment Skimming Naskovets MBS Apartment Stephen A. Kohn EB-5 PSRO Twitter Goble Turbeville AWC. FINRA Disparate Treatment GAP Dissident Impersonator ADR Murray Kenneth Starr Led Zeppelin Conflicts Irreparable Harm Nasdaq fraud Restitution Penalty Texas State Securities Board Default Women Baby Boomers In House Counsel Well Managed Portfolio Ethics Khan Last Known Address Mantar Obamacare Wang ETFs Outside Counsel Tran Coin 10b-5 Lexicon Breach of Contract ALJ Grimes Stock Promotion Financial Disclosure Deceased Customer Countrywide Son Ten Commandments FDA BitTorrent Broy Jon Corzine Rule 12511 Merill Lynch Elon Musk Puerto Rico Bonds Currency Customer Files Clayton Pacifico Exhaustion Doctrine Non-Prosecution Agreement Voya Vacate Bezos mail fraud Mary Schapiro BrokeandBroker.com Covid-19 Criminal Disney Game of Thrones Checking wire fraud Capitalism Cryptocurrencies Dostoevsky Production Galleon Initials Unauthorized Trades Stipulation Office of Special Counsel Molchatsky Bill singer Margin Calls Grievance QuadrigaCX Willfull Securities and Exchange Commission Series 79 Confidential Customer Information MSPB Preet Bharara 9th Circuit Cherry Picking Income Guardian Sex Mistake Kent Newbridge Statute of Limitation BBVA Oilpro Berthel Fisher 1099 House Financial Services Examinations Boyland Supervisor Title VII Branch Manager iPhone Dinner Trainee Fee Laser Sears Daspin Orders Liu Wire Transfers Eric Stein Rule 3210 DNJ Civil Rights Walter Practice Sale Undercover Short Sale Wires HBO Offset Res Judicata Compromise FTC Gabelli Varney Bob Dylan 5Cir Traders Kennedy Rule 2330 Transfer Harris Principal Municipal Bonds JPMorgan Chase Witness Tampering Sterne Agee 10b-10 CMA Falsification false statements Sharing Agreement Costa Rica Wells Fargo Advisors Books and Records Mattera Expense God Constructive Discharge Romer Personal Information Tennis Court Undertaking Life Settlement Proctor Finra Salman Superior Court Liquidation CAT Springsteen MDLA William Faulkner Bribe DWI Retired Woman With Cane Section 206 Brokeandbroker.com Hertz Retroactive Bar Collateral Bar SIPC Retroactive FNI Media Investacorp Municipal Advisor NRSRO AIG Court of Appeal Series 66 Self Reporting Bartko Rule 12104 McCartney Kierkegaard Spam Fraudulent Inducement Compliance Questionnaire Lek Conflict of Interest Diabetes Schumer Fiero Dow NFA Powell Exception Reports wrongful termination Nationwide Binary Options Wages NY Life