Adam R. Cherney (CRD #4364681, Registered Representative, West Hempstead, New York) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $5,000 and suspended from association with any NASD member in any capacity for 60 days. Without admitting or denying the findings, Cherney consented to the described sanctions and to the entry of findings that he forged a public customer’s signature on a replacement form in connection with the replacement of a whole life insurance policy to a universal life insurance policy. The findings stated that Cherney forged a customer’s signature on a Declaration of Missing Policies form in connection with an application for conversion of a term life insurance policy to a permanent life insurance policy.

The suspension in any capacity is in effect from December 4, 2006, through February 1, 2007. (NASD Case #2005002114001)