Merrill Lynch, Pierce, Fenner & Smith Incorporated Broker, Cynthia Perry, Suspended By FINRA For Three Months, For Allegedly Altering Account Documents
Cynthia Perry (CRD #4597565) is a broker at Merrill Lynch, Pierce, Fenner & Smith Incorporated in Salisbury, MD. Cynthia Perry has been in the securities industry since 2003 and previously worked at RBC Capital Markets Corporation.
According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), on July 6, 2020, Cynthia Perry was sanctioned by FINRA, suspending her for three months and fining her $5,000, for allegedly altering account documents previously signed by member firm customers to supply information missing from the forms. According to the FINRA sanction:
“Without admitting or denying the findings, Perry consented to the sanctions and to the entry of findings that she altered account documents previously signed by member firm customers to supply information missing from the forms. The findings stated that the altered documents included new account and distribution forms on which Perry filled in the customers’ names, addresses, account numbers, social security numbers, and cash disbursement amounts. Perry also completed a signed, but otherwise blank, annuity surrender form for another firm customer and faxed it to the issuer. The firm used the documents to open customer accounts and to authorize and record the disbursement of cash. The findings also stated that by engaging in this conduct, Perry caused the firm to maintain inaccurate books and records.”
For a copy of Cynthia Perry’s FINRA sanction, click https://www.finra.org/sites/default/files/fda_documents/2019062784701%20Cynthia%20Ann%20Perry%20CRD%204597565%20AWC%20sl.pdf
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