FINRA’s Department of Enforcement investigated Yurica and found he falsified various firm documents for his customers’ convenience. Specifically, Yurica falsified 129 documents related to 70 customer accounts, including but not limited to: 1) account applications for non-retirement accounts; 2) account applications for advisory non-retirement accounts; 3) certification of trust forms; and 4) change of broker-dealer and/or representative authorization forms. FINRA alleges that although Yurica falsified the documents to expedite the transactions for the convenience of the customers (which were authorized by the customers), LPL Financial’s compliance manual and written supervisory procedures prohibited Yurica from altering and/or falsifying firm documents in any manner.
Yurica’s alleged misconduct violated FINRA Rule 2010 requires members to comply with “high standards of commercial honor and just and equitable principles of trade.” Here, Yurica consented to an AWC, without admitting or denying the findings, that he falsified firm documents for the convenience of his customers, and as consequence, violated financial industry rules and regulations.
Lufrano Law, LLC is a national securities litigation firm and has experience representing investors who have investment disputes with brokers and broker-dealers. If you suffered losses as a result of investing with Yurica through LPL Financial, or if you believe that you have been a victim of securities and investment fraud including falsified documents, please complete our contact form or contact one of our attorneys at (800) 627-2179.