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FINRA Suspends John Lund

Jul 6, 2022 Fired Brokers

John Lund (CRD #: 6504480), a broker previously registered with LPL Financial, has been suspended by FINRA, according to his BrokerCheck record, accessed on June 26, 2022. Keep reading if you have questions about John Lund’s conduct as a broker.

Suspension by FINRA

On April 18, 2022, John Lund consented to the entry of findings that he allegedly electronically signed a customer’s name without the client’s permission.

According to a letter of Acceptance, Waiver & Consent (AWC), in March 2020, John Lund allegedly forged a client’s signature on two account transfer forms, two discretionary authority amendments, and two new account applications.

The AWC further alleges that he also signed, with client permission, three account transfer forms and four new account applications for four other clients, including an elderly client.

The AWC concludes that these allegations violate FINRA Rules 4511 and 2010.

FINRA Rules 4511 and 2010

FINRA Rule 4511 requires firms to maintain accurate and up-to-date books and records.

Impersonation of a client violates FINRA Rule 2010, which requires brokers to maintain high standards of commercial honor and ethical conduct.

Sanctions

John Lund consented to the following sanctions:

  • $5,000 fine
  • Four-month suspension

His suspension began on April 18, 2022, and will end on August 17, 2022.

You can read the full AWC here.

Termination from LPL Financial

On June 6, 2021, John Lund was fired from LPL Financial after allegedly electronically signing and transferring documents on behalf of customers.

Background Information

John Lund has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

He previously worked for LPL Financial (CRD#:6413) and Securities America (CRD#:10205).

Kurta Law Can Help

If you worked with John Lund and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.