Compliance Memo

Compliance Memorandum 2015-07; Signature Falsification

For more information, contact:

Compliance Team

Date Issued:

October 27, 2015

Through the course of its supervisory activities, the MFDA continues to find instances where financial advisors have created, used or possessed documents which have been pre-signed or on which client signatures have been falsified through other means.

We remind all financial advisors that forms must be completed in their entirety prior to the client signing off. The MFDA has issued Bulletin 0661-E: Signature Falsification to provide clarity and guidance on the issue.

The MFDA provides examples signature falsification, which include, but are not limited to:

  • Having the client sign a blank or only partially complete form (“pre-signed forms”);
  • Signing a client’s name to a document;
  • Cutting and pasting, photocopying or using correction fluid on a document to “re-use” a previous signature;
  • Altering any information on a signed document, without the client initialing the document to show the change was approved.

We ask all financial advisors to review the MFDA Bulletin in detail.

As always, if you have any questions or comments, contact the Compliance Department by email at