Let's Go Auditing!

It’s the middle of the strangest year ever and we are hearing that LPL is about to start auditing branch offices in some modified format come July. So, following on the ‘strangest year ever’ theme I thought to change up the traditional blah-blah-blah about LPL policies and Audit’s typical findings.

These headlines from the last three weeks of Financial Advisor IQ articles serve as a potpourri of what not to be doing as a Financial Professional. They reflect the real and practical application of regulation.


We understand the requests put upon your time and the need to maintain extraordinary attention to detail. Your OSJ’s Compliance and Supervision Professionals are here to support and consult with you – let's make it a point to always talk first.


Ex-LPL Rep Suspended For Allegedly Using Unapproved Email Accounts

5-month suspension and to pay a $10,000 fine


Ex-Ameriprise Rep Suspended for Raising Client Money for Friend's Firm

9-month suspension and to pay an $8,500 fine


Finra Fines, Suspends Ex-Wells FA Accused of Borrowing $16K from Client

2-month suspension and to pay a $5,000 fine


Finra Suspends Ex-Morgan Stanley Rep Over Pre-Signed Docs

1-month suspension and to pay a $5,000 fine


Finra Suspends Ex-Merrill FA Over E-Sports, Real Estate Businesses

21-month suspension and agreed to pay a $15,000 fine


Ex-Cetera Rep Suspended for Taking Direction from Client's Son-in-Law

4-month suspension from the industry and to pay a $10,000 fine



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