Regulator fines dealing representative $28,000, reserves decision on costs.

Accepting an appointment as power of attorney also contravened rules.

Firm’s file review also uncovers 16 altered forms without initials.

Incomplete representative change forms sent to clients for signatures.

No evidence of client complaint, loss, or lack of authorization identified, says regulator.

Dealing representative banned permanently for failing to renounce legacies quickly enough.

Failing to obtain client initials to form alterations a costly mistake for two more representatives.