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Ex-LPL FA Suspended By Finra Over E-Signature Lapses

A former LPL representative has agreed to a three-month suspension and a $5,000 fine to settle the Financial Industry Regulatory Authority’s allegations that he falsified documents by failing to disclose that he electronically signed them on behalf of customers. So reports Financial Advisor.

LPLLee Michael Generous, a registered investment advisor, e-signed 56 documents for 25 customers without their permission, Finra claimed.

Generous neither admitted nor denied the wrongdoing.

Read the full article from Financial Advisor.

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