NOTE: Stipulations of Fact and Consent to Penalty (SFC); Offers of Settlement (OS); and Letters of Acceptance Waiver, and Consent (AWC) are entered into by Respondents without admitting or denying the allegations, but consent is given to the described sanctions & to the entry of findings. Additionally, for AWCs, if FINRA has reason to believe a violation has occurred and the member or associated person does not dispute the violation, FINRA may prepare and request that the member or associated person execute a letter accepting a finding of violation, consenting to the imposition of sanctions, and agreeing to waive such member's or associated person's right to a hearing before a hearing panel, and any right of appeal to the National Adjudicatory Council, the SEC, and the courts, or to otherwise challenge the validity of the letter, if the letter is accepted. The letter shall describe the act or practice engaged in or omitted, the rule, regulation, or statutory provision violated, and the sanction or sanctions to be imposed.

Dorval Knight McLaughlin Jr.(Principal)
AWC/2008016319801

McLaughlin checked several boxes on an Explanation of Transaction form and placed the customer’s initials next to the boxes, without the customer’s knowledge or authority; the customer had signed the signature page related to her annuity purchase but did not initial pages that explained the transaction and fees involved. McLaughlin signed a customer’s name to a Mutual Fund & Certificate Redemption Exchange and/or Transfer Form without the customer’s knowledge or authority.McLaughlin signed a customer’s name to a Transfer on Death Account Agreement/ Payment on Death Account Agreement without the customer’s knowledge or authority.

McLaughlin failed to respond completely to FINRA requests for information. (FINRA Case #)

Dorval Knight McLaughlin Jr.(Principal): Barred

Tags: Signature