{"id":22064,"date":"2024-06-26T16:41:40","date_gmt":"2024-06-26T16:41:40","guid":{"rendered":"https:\/\/www.thinkadvisor.com\/2024\/06\/26\/lpl-rep-suspended-for-trading-in-deceased-clients-account\/"},"modified":"2024-06-26T16:41:40","modified_gmt":"2024-06-26T16:41:40","slug":"lpl-rep-suspended-for-trading-in-deceased-clients-account","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2024\/06\/26\/lpl-rep-suspended-for-trading-in-deceased-clients-account\/","title":{"rendered":"LPL Rep Suspended for Trading in Deceased Client&#8217;s Account"},"content":{"rendered":"<div class=\"media_block\"><a href=\"https:\/\/feeds.feedblitz.com\/-\/900111398\/0\/thinkadvisor\/\"><img decoding=\"async\" src=\"https:\/\/images.thinkadvisor.com\/contrib\/content\/uploads\/sites\/415\/2021\/03\/FINRA_Sign_Philly_640x640.jpg\" class=\"media_thumbnail\"><\/a><\/div>\n<div><img decoding=\"async\" src=\"https:\/\/images.thinkadvisor.com\/contrib\/content\/uploads\/sites\/415\/2021\/03\/FINRA_Sign_Philly_640x640.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<p id=\"first-para\">The Financial Industry Regulatory Authority has suspended a registered representative with LPL Financial and fined him $7,500 for unauthorized trading in the account of a deceased client.<\/p>\n<p>According to FINRA\u2019s <a href=\"https:\/\/www.finra.org\/sites\/default\/files\/fda_documents\/2022075350201%20Ronald%20Gene%20Chronister%20CRD%203255653%20AWC%20gg.pdf\" target=\"_blank\" rel=\"noopener\">order<\/a>, Ronald Gene Chronister\u2019s brokerage customer passed away on Jan. 8, 2021, after being hospitalized for several weeks.<\/p>\n<p>On Jan. 15, 2021, unaware of the client\u2019s death, Chronister made a trade in the customer\u2019s account to fund an upcoming required minimum distribution. Later that day, Chronister learned of the customer\u2019s death, the order states.<\/p>\n<p>However, on Feb. 19, 2021, Chronister \u201cfalsely stated in an email to LPL that he had spoken with the customer in early January 2021 about the trade.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Financial Industry Regulatory Authority has suspended a registered representative with LPL Financial and fined him $7,500 for unauthorized trading in the account of a deceased client. According to FINRA\u2019s order, Ronald Gene Chronister\u2019s&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":22065,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[1],"jetpack_featured_media_url":"https:\/\/blog.lifeinsurance-orleans.ca\/wp-content\/uploads\/2024\/06\/lpl-rep-suspended-for-trading-in-deceased-clients-account.jpg","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/22064"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=22064"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/22064\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media\/22065"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=22064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=22064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=22064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}