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Broker Richard Lewis Formerly of LPL Financial Sanctioned Over Alleged Improper Use of Discretion

The Financial Industry Regulatory Authority (FINRA) sanctioned broker Richard Lewis (Lewis) concerning allegations that Lewis exercised discretion in a customer’s account without obtaining prior written authorization from the customer. FINRA found that his conduct violated NASD Conduct Rule 2510(b) and FINRA Rule 2010. Lewis first became registered with FINRA firm…

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