Tr?id=566623520170033&ev=PageView&noscript=1

ÍøÆØ³Ô¹Ï

FINRA Sanctions Advisor for Signature Falsifications

Posted on March 27th, 2024 at 2:10 PM
FINRA Sanctions Advisor for Signature Falsifications

From the desk of James Eccleston at ÍøÆØ³Ô¹Ï

A 46-year industry veteran from Braintree, Massachusetts, Timothy W. Leveroni, has settled a disciplinary matter by the Financial Industry Regulatory Authority (FINRA) for falsifying signatures, per a settlement agreement known as an Acceptance Waiver and Consent (“AWC”).

According to AdvisorHub, this highlights the regulator's ongoing efforts against former LPL advisors involved in signature falsifications, marking at least the 12th case since July. The scrutiny intensified after LPL was fined $3 million for failing to detect signature falsifications and other infractions.

In Leveroni's case, he agreed to a $7,500 fine and a two-month suspension to resolve allegations that between May 2020 and March 2021, he permitted other LPL advisors to sign his name on over 100 documents. The documents, including new account applications and update forms, pertained to clients for whom Leveroni served as the advisor of record. Leveroni's actions violated FINRA's Rule 2010 on maintaining high standards and its books-and-records requirements under Rule 4511 and despite no customer complaints.

ÍøÆØ³Ô¹Ï LLC represents investors and financial advisors nationwide in securities, employment, transition, regulatory, and disciplinary matters.

Tags: Eccleston, ÍøÆØ³Ô¹Ï

Return to Archive

TESTIMONIALS

Previous
Next
Quotes Bigger

If you find yourself in trouble with the regulators, call ÍøÆØ³Ô¹Ï, you won't regret it.

Rick R.

LATEST NEWS AND ARTICLES

1783615970 Law
July 9, 2026
FINRA Suspends Former Branch Manager for Supervisory Failures Linked to Excessive Trading and Churning

A former regional branch manager at a broker-dealer has agreed to Financial Industry Regulatory Authority (FINRA) sanctions after the regulator found that he failed to supervise registered representatives who engaged in excessive trading and churning of customer accounts.

1783525964 Law
July 8, 2026
SEC Sanctions David Lerner Associates for Regulation Best Interest Violations

David Lerner Associates has agreed to settle Securities and Exchange (SEC) charges alleging violations of Regulation Best Interest (Reg BI) that resulted in unnecessary costs to retail investors, according to InvestmentNews.

1783434190 Law
July 7, 2026
Private Credit Funds Face Mounting Redemption Pressure as Investor Sentiment Shifts

A surge in investor redemption requests has intensified pressure on private credit funds, raising concerns about liquidity and long-term stability across the asset class, as reported by The Wall Street Journal.