Tr?id=566623520170033&ev=PageView&noscript=1

Ä¢¹½´«Ã½

FINRA Penalizes Ex-Raymond James Advisor for Document Alterations

Posted on April 12th, 2024 at 11:32 AM
FINRA Penalizes Ex-Raymond James Advisor for Document Alterations

From the desk of Jim Eccleston at Ä¢¹½´«Ã½ 

A former Raymond James financial advisor faced a $5,000 fine and a four-month suspension from the Financial Industry Regulatory Authority (FINRA) for allegedly falsifying 25 documents, as per a settlement letter released recently.

Emily J. Smith, who has eight years of industry experience and is currently unregistered, was found to have improperly reused customer signature pages and altered customer-signed documents throughout 2022, as reported by AdvisorHub

In 18 instances, Smith allegedly added account numbers, dates, and policy names to documents after they were signed. Despite no customer complaints on her BrokerCheck profile and her purported intent to expedite client processes, these actions led to book and record discrepancies for Raymond James, violating FINRA's Rule 2010 on maintaining high standards.

This marks the fourth time that Smith has faced scrutiny for document alterations. FINRA had previously cautioned her against such actions, citing violations of FINRA Rule 2010. Additionally, in 2019, Smith voluntarily resigned from Morgan Stanley amid allegations of document alterations and additions.

As per the settlement letter, Smith accepted FINRA's disciplinary measures without admitting or denying the allegations.

 

Ä¢¹½´«Ã½ LLC represents investors and financial advisors nationwide in securities, employment, transition, regulatory, and disciplinary matters.

Tags: eccleston, eccleston law, finra

Return to Archive

TESTIMONIALS

Previous
Next
Quotes Bigger

I just received this letter from the CFP Board. Thank you, Thank you, THANK YOU!

David Y

LATEST NEWS AND ARTICLES

1786980584 Law
August 17, 2026
Federal Judge Allows Investor Class Action Over Lightstone REIT Disclosures to Proceed

A federal judge has allowed investors to proceed with a class-action lawsuit alleging that directors and advisors of three Lightstone Value Plus REITs failed to disclose a significant conflict of interest before shareholders voted on amendments extending the funds' operating periods.

1786734880 Law
August 14, 2026
Cash Sweep Litigation Continues to Drive Legal Costs

Cash sweep litigation continues to increase legal costs for wealth management firms despite the Securities and Exchange Commission's (SEC) decision under the Trump administration to close pending investigations without imposing enforcement penalties, according to AdvisorHub.

1786636784 Law
August 13, 2026
FINRA Orders Centaurus Financial to Pay $1.1 Million Over Variable Annuity Supervision Failures

The Financial Industry Regulatory Authority (FINRA) has ordered Centaurus Financial Inc.