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.

Jeffrey Alan Gielau
AWC/2009016698301

Gielau altered documents in connection with transactions that customers requested. The customers requested the transactions that were effected by the altered forms, but did not authorize Gielau to alter the documents, and Gielau’s member firm prohibited altering documents in any manner. To alter the documents, Gielau either cut a copy of an authentic signature from a prior document and pasted the signature to a new document or affixed a prior signature page and applied white out over the date and wrote in a new date.

Jeffrey Alan Gielau: Fined $5,000; Suspended 3 months