Gene Marshall Simpson entered the securities industry in March 1973 and has been employed by numerous FINRA members since this time. From October 2006 through March 2010 Gene Simpson was registered with LPL Financial.
On April 30, 2012, Gene Simpson and FINRA entered into a letter of acceptance, wavier and consent, known as an AWC (No. 201000222517). According to the AWC, while Mr. Simpson was employed at LPL Financial he signed the name of another registered representative to eight LPL customer account documents without the representative’s knowledge or approval. Gene Simpson also accepted and processed a check request for a customer even though it was not signed by the customer or an authorized signatory on the account. This activity constituted a violation of certain FINRA rules.
As a result of the foregoing activity, Gene Simpson consented to a three month suspension from associating with any FINRA member firm. For more information on Mr. Simpson’s suspension or the activity at issue, please visit FINRA’s website