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.

Nathan Joel Brenowitz (Principal)
AWC/2008013450201

Brenowitz

• falsified a client’s insurance policy application and related documents without the client’s knowledge, submitted the documents to his member firm’s insurance company affiliate and subsequently denied to his firm that he had falsified signatures or submitted falsely signed documents;
• falsified clients’ insurance policy-related supplement documents without the clients’ knowledge, submitted the documents to his firm’s insurance affiliate and, although the clients later stated that they approved of his actions, the firm’s insurance affiliate policy prohibited its insurance agents from signing another person’s name, even if the clients’ authorized them;
• falsely endorsed and deposited a check for $1,000 made payable to an insurance agent contracted to him into his personal bank account, and falsely claimed to his firm that the insurance agent authorized him to use the check to repay expenses;
• took an online computer examination on his office manager’s behalf that his firm’s insurance company affiliate required, and Brenowitz falsely denied to his firm that he did so;
• denied in writing to FINRA that he took any test posing as his office manager; and
• denied  in sworn testimony to FINRA that he took any test posing as his office manager and claimed that the insurance agent contracted to him had authorized him to endorse and deposit the check and use the proceeds for expense reimbursement.

Nathan Joel Brenowitz (Principal): Barred

Tags: insurance  Check    Testing