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.

Philip Michael O’Hearn (Principal)
AWC/2010022804601

O’Hearn placed a phone call to an insurance company’s customer service call center asking for information about a customers’ policy and falsely identified himself as the representative assigned to the life insurance policy, providing the agent of record’s name and agent number. O’Hearn also provided the service agent with the customers’ updated mailing address, and requested that the agent send certain policy information to them.

Philip Michael O’Hearn (Principal): Fined $5,000; Suspended 10 business days

Tags: Impersonation