Signature: New Case Update
Shawna Lee Mendoza (Associated Person)
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
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.