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.

Jennifer Evelyn Cheeseman
AWC/2009017334901

Cheeseman altered term life insurance policies in order to falsely represent that a husband and wife applying for insurance had life insurance coverage as set forth in the invalid policy contracts. Cheeseman sent the customers a policy that belonged to other customers, after falsifying the applicants’ names and dates of the policy. When the customers brought discrepancies to her attention, she provided them with another altered policy, and accepted a check from the customers for premium payments.

Jennifer Evelyn Cheeseman: Barred

Tags: Term Life