SECURITIES AMERICA, INC.

Permitted to Resign

MISUSE OF HIS OSJ'S SIGNATURE GUARANTEE STAMP AND FORGING HIS OSJ'S SIGNATURE ON FORMS (WITH HIS OSJ'S PERMISSION).

IN THE ABSENCE OF THE OSJ MGR., I SIGNED THE OSJ MGR. NAME ON VARIOUS DOCUMENTS WITH THE ADVANCE PERMISSION OF THE OSJ MGR. WHO HAD PREVIOUSLY DISCUSSED THE FORMS WITH ME. I ALSO GUARANTEED MY OSJ MGR'S SIGNATURE, WITH THE ADVANCE PERMISSIONG OF THE OSJ MGR. ON AN ISOLATED BASIS. ONLY THE OSJ MGRS. SIGNATURE WAS SIGNED, NO CUSTOMER OR THIRD-PARTY SIGNATURES WERE SIGNED. THESE ACTIONS WERE TAKEN TO EXPEDITE CUSTOMER ORDER PAPERWORK IN THE OSJ MANAGERS ABSENCE. I, IN EFFECT, HAD A POWER OF ATTORNEY TO SIGN FORMS.