According to FINRA, Renee Catherine Lund was fined $5,000 and suspended from association with any FINRA member firm for 15 business days for falsifying customer signatures on documents.

Lund electronically signed the names of customers and reused previously obtained signatures on documents, doing so with the customers' permission. The documents included required firm records such as account applications, account transfer forms, and electronic prospectus delivery forms.

While the underlying transactions were authorized and no customers complained, Lund's actions caused her firm to maintain inaccurate books and records. The signatures on file did not accurately reflect when and how customers authorized specific transactions or documents.

Lund also falsely attested in a compliance questionnaire that she had not duplicated signatures, adding a false statement violation to the underlying signature falsification.

Even when done with customer permission and for convenience, signing customers' names or reusing signatures violates the integrity of the documentation process. Firms rely on properly executed documents to verify customer authorization and protect against disputes. When signatures are copied or falsified, it becomes impossible to verify that customers actually reviewed and approved specific documents.

The 15-business-day suspension was served in December 2024. This relatively brief suspension may reflect that the conduct was done for convenience rather than to defraud customers, but it still represents a serious violation of documentation requirements.