James Thomas Corne, South Carolina, Suspended and Fined by FINRA for Falsifying Customers’ Signatures
James Thomas Corne (CRD #4184489, Registered Representative, Duncan, South Carolina)
fined $5,000 and suspended from association with any FINRA member in any capacity for three months. Without admitting or denying the findings, Corne consented to the described sanctions and to the entry of findings that he falsified customers’ signatures on various securities and non-securities-related documents.
Accoding to the FINRA investigation, Corne directed his assistant to cut a customer’s signature from a variable universal life (VUL) application and affix it to another VUL application. These findings stated that there were other occasions, customers’ signatures were cut and pasted onto variable annuity (VA) applications, a fixed annuity application and automobile insurance policies.
These documents with the cut and pasted signatures were then submitted to Corne’s member firm or the relevant insurance company for processing.
FINRA’s suspension is in effect from May 7, 2012, through August 6, 2012.
(FINRA Case #2010022792501)
This information was on FINRA’s website under “Disciplinary and Other FINRA Actions, June, 2012.
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