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MFDA Case Summary

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HomeCompleted HearingsCase 201657 - Meunier, Jacqueline › CS201657

CASE SUMMARY # 201657

Feb 7, 2017

Enforcement

This case summary was prepared by Staff of the MFDA.

Hearing Panel Imposes Penalties on Jacqueline Ann Meunier and Lori Gay Bandola

Jacqueline Ann Meunier and Lori Gay Bandola entered into a Settlement Agreement with MFDA Staff. In the Settlement Agreement Meunier admitted that she altered and used to process a transaction, one client account form, by altering it without having the client initial the alteration, contrary to MFDA Rule 2.1.1. She also admitted that she, or her assistant for whom she was responsible, obtained, possessed and used to process transactions, 29 pre-signed client account forms, contrary to MFDA Rule 2.1.1. Bandola admitted that she obtained, possessed, and used to process transactions, 17 pre-signed account forms, contrary to MFDA Rule 2.1.1. Bandola was Meunier’s assistant and became a registered as an Approved Person, working as a registered assistant, in July 2013.

The Hearing Panel accepted the Settlement Agreement. It imposed a fine of $8,500 on Meunier and a fine of $5,000 on Bandola. Meunier and Bandola were ordered to pay costs of $2,500 jointly.

NOTICE: This case summary has been prepared by Staff of the MFDA, based upon the previously published Decision and Reasons of an MFDA Hearing Panel presiding over this matter. Every effort is made to ensure that this case summary accurately reflects the content of the Decision and Reasons. However, where there is a discrepancy between this case summary and the Decision and Reasons, the Decision and Reasons will prevail.

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