Don Eric Harter was employed as a general securities representative by LPL Financial from December 2004 through June 2010. Mr. Harter is currently no longer registered with a FINRA member firm.
On June 21, 2012, Don Eric Harter and FINRA entered into a letter of acceptance, waiver and consent, known as an AWC (No. 2009017061101). According to the AWC, Don Harter admitted to improperly using discretion in his customers’ accounts without first receiving prior written authorization to trade. This conduct occurred while Don Harter was registered with LPL Financial from 2005 through 2008. According to the AWC, LPL Financials written supervisory procedure prohibited the use of broker discretion in customer accounts that were not “advisory accounts.”
As a result of the foregoing activity, Don Harter consented to a 30 day suspension from any FINRA member firm as well as a $10,000 fine. For more information on Mr. Harter’s suspension and fine, please visit FINRA’s website.