Category Archives: Lantern Investments

Former LPL Financial Broker Fined/Suspended for Falsifying Customer Documents

June 22, 2015

Dean M. Yurica  entered into a Letter of Acceptance Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA) to resolve allegations that he  falsified documents related to customer accounts for the convenience of customers in violation of FINRA Rule 2010 and provided false information to his firm about whether he obtained a client signature on a blank or incomplete document .

According to the AWC, between June 2010 and December 2012 he falsified 129 documents related to 70 customer accounts. He used several methods to falsify documents including acquiring pre-signed forms from customers that were otherwise blank, and he later completed the information on the forms. He also obtained and maintained stacks of blank forms that had been  pre-signed by the customers to process subsequent customer transactions.

Yurica was fined $25,000 and suspended for nine months.

AWC NO. 2013037573801

According to FINRA records, Yurica was discharged from LPL Financial in June 2013 when they learned that he had violated the firm’s signature policy. He is currently registered with Lantern Investments, Inc. and was registered with LPL Financial 4/2003-7/2004.

Lantern Investments is headquartered in Melville, New York and has offices in Chicago, San Francisco, San Diego, Hoboken and Houston.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

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