Cagle Fined and Suspended for Two Months by FINRA

(FINRA Case #2016051146801)

Adriane L. Cagle (CRD #6236929, Fayetteville, Georgia) submitted an AWC (Accept, Waiver & Consent) in which she was assessed a deferred fine of $5,000 and suspended from association with any FINRA member in all capacities for two months. Without admitting or denying the findings, Cagle consented to the sanctions and to the entry of findings that she altered several documents that had already been signed by customers and signed as a witness to customer signatures on certain documents without having actually witnessed the customers sign them.

The findings stated that approximately two years after receiving a written disciplinary letter from her member firm for altering certain documents after they had already been signed by a customer, Cagle engaged in similar practices in an effort to avoid inconvenience.

Specifically, Cagle added customer-occupation information and signed as a witness to another customer’s previously signed power-of-attorney document even though she had not actually witnessed the customer sign. Later, Cagle filled in dates and signed as a witness to another customer’s previously-signed power-of-attorney document even though she had not actually witnessed the customer sign.

The findings also stated that by certifying to having witnessed customer signatures without having actually witnessed the customers sign, and by altering the contents of customer documents after the customers had signed the documents, Cagle caused the firm to maintain inaccurate books and records. The suspension is in effect from April 17, 2017, through June 16, 2017.

Cagle worked for Merrill Lunch, Pierce, Fenner & Smith Incorporated in Peachtree City, GA from September 2013 until the time she was discharge in August 2016 due to allegations of altering client documents.

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