Nancy Ann Munro Gaumer (also known as Nancy Ann Munrogaumer) of Media Pennsylvania a stockbroker registered with Signator Investors Inc. and BestVest Investments Ltd. has been fined $7,500.00 and suspended for 45 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Gaumer failed to report that she and a customer held a brokerage account at an outside institution, and Gaumer circumvented the firm’s policies relating to outside accounts. Letter of Acceptance Waiver and Consent No. 2019064386701 (Aug. 12, 2021).
According to the AWC, an investigation into Gaumer’s activities commenced when the regulator received a call through FINRA’s Securities Helpline for Seniors. The regulator determined that on August 22, 2012, while Gaumer was associated with Signator Investors, she had the customer establish an investment account at an outside institution.
There was no written notice Gaumer provided Signator Investors in regard to the customer’s outside account. When Gaumer became a stockbroker at BestVest Investments, she still maintained ownership in that account. She did not inform BestVest about this account until April 5, 2019, and she did not obtain its written permission to maintain this account. FINRA found that Gaumer violated FINRA Rules 2010 and 3210 as well as National Association of Securities Dealers Rule 3050(c).
On six occasions Gaumer falsified compliance questionnaires for Signator Investors. From December of 2012 to February of 2017, the questionnaires that she submitted to the securities broker dealer contained omissions about her involvement and ownership in this brokerage account. She was also prompted to disclose any of her power of attorney designations with customers but she did not do so. Gaumer violated FINRA Rule 2010 for this reason.
Gaumer was registered with Signator Investors between January 28, 2011 and September 25, 2017. She has been registered with BestVest Investments since August 31, 2017.
