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.

Marvin J. Tick
AWC/2008015322101

Tick  forged customer signatures on insurance forms and maintained a blank medical history questionnaire in a customer file that a customer had pre-signed, in violation of his member firm’s policies. Instead of having a customer complete and sign a correct application form after the customer had completed and signed the wrong form, Tick “cut and pasted” the customer’s signature to the correct application form. Tick forged customers’ signatures on policy delivery acknowledgment forms and a “not taken” form.

Marvin J. Tick : Fined $5,000; Suspended 60 days

Tags: Forgery