LPL & CUSO Financial Broker Kale KH Young Sanctioned for Falsifying Customer Signatures

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FINRA sanctioned former LPL Financial broker Kale King Hoong Young of LPL's Torrance, California branch for falsifying multiple LPL customer signatures on firm forms in violation of FINRA rules, causing the firm to maintain inaccurate books and records. Young is presently registered as a broker with CUSO Financial Services in Lakewood, CA.

Writing that falsifying documents runs afoul of its just and equitable principles of trade, FINRA deemed that Kale Young (CRD #2270954) re-used multiple LPL customers' previously obtained genuine signatures on several mutual fund replacement forms.

Furthermore, Young purportedly used a copy of a different LPL customer's signature on a life insurance product acknowledgment form while falsely stating on an annual compliance questionnaire that he had not signed or affixed another person's signature on any document.

Investigators wrote that LPL Financial itself then used 18 of the falsified documents submitted by Young to authorize and record sales, transfers, or cash/securities disbursements.

The report indicates that Young was aware that LPL policy prohibited brokers from affixing previously obtained customer signatures to other, newer documents, but did so anyway.

After LPL discharged Young for violating the firm's document signature policy, CUSO hired Young as both a broker and investment advisor.

If you invested with LPL Financial broker Kale KH Young or with any investment adviser or representative who falsified documents through forgery or affixing your signature to a new form that you did not specifically sign, in contravention of industry rules, and this falsification has resulted in harm such as losses or unwanted transactions, please call an experienced FINRA arbitration attorney at The Law Offices of Jonathan W. Evans & Associates at (800) 699-1881 for an investigation and consultation.

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