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Employees in Financial Industry Go Public about Doctoring Documents

Erica Johnson of CBC Go Public reports on The National that employees in the financial industry are speaking out that doctoring documents and forging signatures are more common than people realize. The Mutual Fund Dealers Association noted in its 2016 Annual Enforcement Report that signature falsification had grown as the primary allegation in 130 cases, compared to 61 in 2015, and also issued a bulletin on the subject on January 31, 2017.  CBC Go Public spoke to one former employee who estimated that 85% of sales staff at her bank branch were doctoring documents. The corresponding CBC Go Public news article, which quotes Stan Buell from the Small Investor Protection Agency and lawyer Harold Geller, can be found here.

June 01, 2017