Regulator finds no lack of client authorization or complaint.

Regulator stops short of imposing monetary penalty, saying conviction is sufficient for general deterrence.

Agent submitted 50 unique applications listing herself as payor.

Administrative penalty totalling $15,000 levied for misleading insurers.

Dealing representative terminated after forms discovered during daily trade reviews.

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

Regulator says there is no evidence of financial loss by clients or any other individuals.