Pre-signed forms (or partially blank when signed forms)

In the flurry of the last minutes of a meeting with your advisor, they commonly ask you to sign many forms.  Does the sign here, flip, sign here, flip...process sound familiar?  Often this included blank forms, to be completed later.  Or partially blank forms.  This is a regulatory breach.  This can result in you getting your money back.  We see this in most cases regardless of the advisors reputation, licenses, or credentials.  We can help!  Every week regulators publish discipline decisions where this happens.  Here is an example.

3000 pre-signed forms in one advisory team's files. Shocking, but not unexpected by those of us in the trenches. This advisor had 503 that she signed. And a $50k fine. The regulatory equivalent of a speeding ticket. Surely this member organization's light regulatory touch should attract concern. A disproportionate light penalty for a contravention going to the heart of the concept of investor's informed consent for each transaction in a non-discretionary account. See: https://www.iiroc.ca/media/20726/download?inline

‍