Lee Rycraft Investigation
May 2022-Watertown, SD
The FINRA records of Lee Rycraft, an unregistered broker, previously employed with LPL Financial, discloses a termination from employment.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In February of 2022, Rycraft was terminated from employment with LPL Financial after allegations that he had electronically signed account documents on customers’ behalf.
Rycraft had been with LPL Financial since September of 2018. Before that time he had been employed with AXA Advisors and with Edward Jones.
If you have losses in an account handled by Lee Rycraft call to learn how you may be entitled to collect damages through FINRA arbitration.
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.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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