Last post for the day (I think!): below is a notable finding from Bill Singer's Blog (thank-you, Bill Singer, for maintaining your blog; it is informative and entertaining). Remember that if it is YOU who is charged with reviewing correspondence, make sure YOU do it… this one hurts.
Therese C. Castro (Principal) AWC/2005002680301/October 2007
Castro asked an unregistered employee of her member firm or its affiliate to place Castro’s initials on numerous pieces of branch correspondence as evidence that she had reviewed the correspondence, although she had not done so. Castro falsely certified in monthly reports submitted to her member firm that a supervisor had reviewed daily trade blotters when many had not been reviewed.
Therese C. Castro (Principal): Fined $15,000; Suspended 1 year; Barred in Supervisory/Principal capacities
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