The Financial Industry Regulatory Authority suspended an ex-LPL broker from association with any FINRA member in any capacity for two months for violating FINRA rules. Allegedly the broker signed another rep’s name multiple times instead of his own while acting as his colleague’s associate, according to the regulator.
Without admitting or denying the findings, John Pace McConkie signed a letter of acceptance, waiver and consent July 22 in which he agreed to the suspension and a $5,000 fine. FINRA accepted the letter this week.
McConkie is no longer associated with a FINRA member firm or registered as a broker, but is still registered as an RIA, according to FINRA’s BrokerCheck website.
LPL and McConkie did not immediately respond to requests for comment on Wednesday.
McConkie became associated with LPL in July 2012 and became registered as a general securities representative while with the firm in April 2013, according to FINRA.