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Lee Rycraft Fired From LPL Financial

Apr 6, 2022 Fired Brokers

Lee Rycraft (CRD#: 5770413), a broker previously registered with LPL Financial LLC, was fired following allegations that he electronically signed account documents on an investor’s behalf. This information is from Lee Rycraft’s BrokerCheck record, accessed on March 26, 2022. You can find more information below about Lee Rycraft’s conduct as a broker.

Fired From LPL Financial

On February 9, 2022, Lee Rycraft was fired from LPL Financial LLC following allegations that he electronically signed account documents on an investor’s behalf. FINRA Rule 2010 requires brokers to observe high standards of commercial honor and fair-trading practices. Signing documents on an investor’s behalf is a violation of Rule 2010’s high standards of commercial honor.

FINRA Rule 4511 also requires investors to maintain accurate records.

Background Information

Lee Rycraft has passed the following exams:

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

He has worked for the following firms:

  • LPL Financial LLC (CRD #: 6413)
  • AXA Advisors, LLC (CRD #: 6627)
  • Edward Jones (CRD #: 250)

Kurta Law Can Help

If you worked with Lee Rycraft and 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.