(FINRA Case #2016050071102)
Derek Wayne Border (CRD #5175361, Huntington, Pennsylvania) submitted an AWC (Accept, Waiver and Consent) in which he was fined $5,000 and suspended from association with any FINRA member in any capacity for three months. Without admitting or denying the findings, Border consented to the sanctions and to the entry of findings that he altered or caused to be altered customer documents, including account distribution forms, by copying and pasting customer signatures and/or altering dates and other information. The findings stated that the customers verbally authorized the underlying transactions.
At the time of the allegations Border worked form Sorrento Pacific Financial LLC and was discharged in August 2016. Border is currently employed by Packerland Brokerage Services, Inc.