June 28, 2013

FINRA Fines, Suspends Gregory Peter Hahn (Webster, New York) Following Use of Signed, Blank Customer Forms

Gregory Peter Hahn (CRD #5193657, Registered Representative, Webster, New York) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $7,500 and suspended from association with any FINRA member in any capacity for six months. The suspension is in effect from March 18, 2013, through September 17, 2013. See FINRA Case #2012030971101. Hahn most recently was registered with Chase Investment Services Corp. and Merrill Lynch, Pierce, Fenner & Smith, Inc.

Without admitting or denying the findings, Hahn consented to the described sanctions and to the entry of findings that he had customers sign certain documents, such as risk disclosure forms, that were otherwise incomplete because the forms were missing information such as the date and dollar amount of the securities transaction. The findings stated that Hahn maintained those forms in his files for future use. On several occasions, Hahn used one of those blank pre-signed forms in connection with a transaction or transfer authorized by a customer. For example, Hahn inserted the dollar amount of the transaction and other information on a risk disclosure form that the customer had previously signed, and then he submitted the form to his member firm. The findings also stated that the firm detected Hahn's use of blank pre-signed forms, and subsequently warned him about engaging in such conduct in the future. Following those warnings, Hahn used a blank pre-signed form in connection with one other authorized transaction.

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