Published On: June 26, 2015

Dean M. Yurica recently entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA). According to the AWC, Yurica falsified documents related to customer accounts for the convenience of customers. Also, on two instances, Yurica allegedly provided false information to his firm regarding whether he obtained a client signature on a blank or incomplete document. Between June 2010 and December 2012, Yurica allegedly falsified 129 documents in 70 separate customer accounts by acquiring pre-signed forms from customers that were blank, and later completed the information on those forms to go ahead with transactions. He also maintained stacks of blank forms that had been signed by the customers before, so he could use them to complete transactions without the customers’ knowledge.

He also allegedly used photocopies of signature pages signed by the clients to complete transactions. These documents included account applications for non-retirement accounts, account applications for advisory non-retirement accounts, certification of trust forms, change of broker-dealer and representative authorization forms, contribution instructions for journal request forms, investment disclosure forms and money-wired funds forms. Yurica also answered questions falsely on forms sent out by General Securities, as to whether he had ever obtained a client signature on a blank or incomplete document. For these he received a nine month suspension from the industry and a $25,000 fine.

Mr. Yurica was registered with First Jersey Securities, Thomson McKinnon Securities, Prudential Securities, Smith Barney Inc., Wachovia Securities and LPL Financial. He is currently registered with Lantern Investments in Melville, New York and has been since June 2013. He has one customer dispute against him. His former firm, LPL Financial, can be sued for not properly supervising him while he was employed with them. Please call 312-332-4200 to speak with one of our attorneys about your options if you invested and lost money with Dean M. Yurica or LPL.

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