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Mar 24, 2008 12:38 pm

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Shawna Lee Mendoza (Associated Person) 
AWC/2006006943001/March 2008

Mendoza was #ffff00">instructed by registered representatives at her member firm #ffff00">to complete missing items and obtain new customer signatures on Point of Sale-Variable Life (POS) forms that the customers had previously signed in connection with their applications for variable universal life insurance policies. Because Mendoza was #ffff00">unable to get timely responses from the customers and receive newly signed POS forms, she obtained information from other customer documents and, without the customers’ knowledge and consent, #ffff00">photocopied their signatures to the POS forms and inserted more recent dates tomake it appear that the customers had signed new POS forms.  Mendoza #ffff00">altered the dates on the POS forms next to the registered representatives’ signatures without their knowledge and consent. 


Shawna Lee Mendoza: Fined $5,000; Suspended 3 months




http://rrbdlaw.com/RegulatoryLinks/CASESOFNOTE/NASD/2008.htm

Mar 24, 2008 7:59 pm

Was Mendoza licensed?  Maybe a dumb question but...  If she didn't pay fine, and left the business is she still liable for the fine and who receives the proceeds from the fine?

 
Thanks.