The New Self-Regulatory Organization of Canada (New SRO) has accepted a settlement agreement with former registered representative, Tyler Comrie, after Comrie admitted that he cut and pasted a client signature from previously signed account forms, and submitted two new forms with falsified signatures on them for processing.
The representative had been employed in the industry less than four months, and later resigned within the year. Although Comrie says he has no intention of returning to the industry, the New SRO fined him $10,000 and assessed costs in the amount of $2,500.
Specifically, Comrie, who was first registered in the securities industry in January 2021 as a dealing representative with TD Investment Services Inc., admits that the cut and pasted the client’s signature onto an internal transfer form and an account maintenance form in May that year. The forms were discovered by a branch manager in September. The branch manager met with the affected client and confirmed that the transactions were authorized. The firm also reviewed a sample of Comrie’s trades and did not find any additional concerns related to client signatures.
“The respondent resigned from the member on September 27, 2021. There is no evidence that the respondent received any financial benefit from engaging in the misconduct,” the settlement agreement states. “There is no evidence of client loss or complaint."
