Ex-LPL Rep Suspended for Falsifying Forms

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.

However, LPL terminated his registration by Form U5 filed on Aug. 9, 2019, stating that McConkie was discharged for violating the firm's document signature policy.

"Over an eleven-month period, McConkie electronically signed at least six account applications and one brokerage-to-advisory change form on behalf" of his colleague "without the colleague's knowledge, thereby violating" FINRA Rule 2010 (governing standards of commercial honor and principles of trade), FINRA claimed.

McConkie signed the senior registered rep's name to the forms because, "as an associate advisor without a Series 65 license at the time, he was not authorized to sign the forms himself," the letter said. "McConkie did not sign on behalf of any customers and all of the underlying activity was authorized," it added.

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