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Lisa Idlett Allegedly Signed an Investor’s Name to Checks

Mar 28, 2022 Misappropriation

Lisa Idlett (CRD #: 2932198), a broker formerly registered with Wells Fargo, has been fired. This is according to her BrokerCheck record, accessed on January 4, 2022. The allegations that preceded the termination are provided below.

On January 4, 2022, Wells Fargo Clearing services alleged that Lisa Idlet signed her customer’s name to multiple checks drawn on the client’s account. The checks were payable to Lisa Idlet.

Misappropriation is a major problem in the securities industry. FINRA Rule 2150 states that no broker shall make improper use of a customer’s funds. Signing a customer’s name without their authorization is also a violation of FINRA Rule 2010, which requires stockbrokers to uphold high standards of commercial honor.

Background Information

Lisa Idlett has passed the following exams:

  • Series 63 Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 6 Investment Company Products / Variable Contracts Representative Examination

She has worked for the following firms:

  • Wells Fargo Clearing Services (CRD #: 19616)
  • First Union Brokerage Services (CRD #: 8112)

Kurta Law Can Help

If you have worked with Lisa Idlett and have concerns about your investments, don't hesitate to contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated on behalf of investors who have lost money following broker fraud or misconduct. Kurta Law is a nationally recognized law firm and exclusively represents investors on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. Our attorneys will work tirelessly to restore your lost funds and get your financial future back on track.