Jan Laux worked for LPL from 2007 to 2008 before being “permitted to resign” for violation of firm policy regarding signing customer names to customer documents, according to Laux’s BrokerCheck Report.
An AWC entered into by Laux on November 18, 2009 sheds more light on the situation. According to the AWC, while employed at LPL, Laux signed the names of seven customers on ten account related documents without the customer’s permission or consent. These documents included new account applications, contribution instruction forms, a prospectus delivery form, a variable annuity disclosure form, and financial institution acknowledgment forms.
In addition to being terminated from LPL, Laux was fined $5,000 and suspended from the financial industry for one year.
Jan Laux is not currently registered with any FINRA approved broker-dealer firm.