John McConkie, a former registered representative affiliated with LPL Financial in West Jordan, Utah, has agreed to a $5,000 fine imposed by the Financial Industry Regulatory Authority Inc., as well as a two-month suspension, for forging the signature of his supervisor.
Between April 3, 2018 and March 8, 2019, McConkie electronically signed the name of a senior registered representative on at least seven forms without the senior broker’s knowledge or consent, according to a Finra letter of acceptance, waiver and consent.
The forms included six new advisory account forms and one brokerage-to-advisory change form. McConkie forged the signatures because he was not authorized to sign the forms himself. McConkie did not sign on behalf of any customers and all of the underlying activity was authorized, Finra said.
McConkie was associated with LPL from July 2012 until August 2019, when he was terminated. He became registered in April 2013.
Integrated Partners is adding a mother-son tandem to its network in Missouri as Kestra onboards a father-son advisor duo from UBS.
Futures indicate stocks will build on Tuesday's rally.
Cost of living still tops concerns about negative impacts on personal finances
Financial advisors remain vital allies even as DIY investing grows
A trade deal would mean significant cut in tariffs but 'it wont be zero'.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
