Falsifying or Withholding Documents

What this video covers

• Why oral permission never allows you to sign a customer's name, and how a written power of attorney (POA) changes the procedure (you sign your own name "as agent for")
• The difference between falsifying customer information and making an unsuitable recommendation, and why the exam treats these as two independent violations
• The three-or-six-year mandatory record retention periods, and why destroying documents before the clock expires is a standalone violation
• Why destroying records after learning of a regulatory inquiry adds an obstruction charge on top of the records violation
• How FINRA's cooperation requirement differs from criminal court protections, and why invoking the Fifth Amendment counts as failure to cooperate
• The critical 90-day rule: how a temporary suspension for noncompliance automatically converts to a permanent industry bar
• Why more than one-third of FINRA enforcement bars stem from failure to respond to information requests, even when the underlying issue was minor