FINRA bars insurance agent who got $16,000 in commissions fraudulently

Advertisement

An Arizona man, who filed false insurance applications and collected more than $16,000 in commissions, was barred by FINRA for his actions.

Jeffery Michael Engler, a registered representative in Marana, Ariz., was working for an insurance company associated with his member firm when he completed and submitted “e-Life Insurance Applications” in the names of applicants, FINRA records indicate.

He provided his insurance agency address as the applicants’ residence address rather than their actual addresses and signed the applicants’ names to the applications without their knowledge or consent, FINRA investigators found.

His actions enabled him to receive $16,212 in commission payments, FINRA records show.

FINRA investigators say Engler also failed to provide FINRA with requested information.

Engler neither admitted nor denied FINRA’s findings.

Leave a Comment

Follow IFAwebnews: 
Important links and updates throughout the day via Twitter Join IFAwebnews’ Insurance News group on LinkedIn.com Become a fan of IFAwebnewss Insurance News on Facebook Feeds for all the ourinsurance news or just the lines you need. Insurance news delivered to your inbox
© 2012 New Horizon Group, Inc. :: Insurance & Financial Advisor | IFAwebnews.com :: NS 175 queries. 0.512 seconds.
Entries RSS Comments RSS