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Wealth Professional | 23 Apr 2015, 08:02 AM Agree 0
An IIROC penalty panel must now consider what punishment an advisor faces for forging a client’s signature – despite getting approval at a later date.
  • Stan Buell, SIPA | 23 Apr 2015, 05:58 PM Agree 0
    Sounds like "when a forgery is not a forgery" as explained by a former president of the IDA. Face it, it is common practice. It is called "window signatures". The regulators explanation is it saves the inconvenience to the investor of having to sign his name.
    IMO it is forgery pure and simple. If the rep wants to save the client inconvenience he needs Power of Attorney so he can sign his own name on behalf of the client.
  • Ken kivenko | 24 Apr 2015, 12:31 AM Agree 0
    Signature forgery on a NAAF destroys the integrity of KYC and of the profession of advice giving.Is the industry so short of staff that forgers must be recruited to fill the ranks?
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