NOTE: Stipulations of Fact and Consent to Penalty (SFC); Offers of Settlement (OS); and Letters of Acceptance Waiver, and Consent (AWC) are entered into by Respondents without admitting or denying the allegations, but consent is given to the described sanctions & to the entry of findings. Additionally, for AWCs, if FINRA has reason to believe a violation has occurred and the member or associated person does not dispute the violation, FINRA may prepare and request that the member or associated person execute a letter accepting a finding of violation, consenting to the imposition of sanctions, and agreeing to waive such member's or associated person's right to a hearing before a hearing panel, and any right of appeal to the National Adjudicatory Council, the SEC, and the courts, or to otherwise challenge the validity of the letter, if the letter is accepted. The letter shall describe the act or practice engaged in or omitted, the rule, regulation, or statutory provision violated, and the sanction or sanctions to be imposed.

Andrew Mark Ruby
AWC/2009017832001

From about February 2005 through March 2009, Ruby stole blank personal checks and stock certificates from customers and forged their signatures. Ruby filled in the blank checks, inserting dollar amounts that totaled approximately $128,275, forged the customers’ signatures and then deposited the checks into an account under his control. Ruby sold the stock certificates and kept the proceeds. Ruby used the funds from the checks and stock certificates for personal expenses.

Andrew Mark Ruby: Barred

Tags: Check  Forgery