MFDA issues notice on signature falsification pre-signed documents

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The Mutual Fund Dealers Association of Canada recently issued a bulletin concerning all Approved Persons about the use of documents that have been pre-signed by clients, and the falsifying of other client signatures.

MFDA Regional Council Hearing Panels have consistently ruled that it is not permissible for Approved Persons to falsify client signatures, and that MFDA Members and Approved Persons may only use forms that have been executed properly by clients after information on the form has been completed properly.

To read the full bulletin from the MFDA, and see examples of examples of falsification, click here.

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