Former LPL Broker Michael Quinn Permanently Barred by FINRA
Michael Quinn, a broker who previously worked at Independent Financial Group and LPL Financial, was permanently barred by FINRA. Quinn was suspended by FINRA for failing to respond to FINRA’s request for information in April, 2015 and because he did not request termination of his suspension within three months, he is automatically barred from association with any FINRA member in any capacity.
According to his FINRA BrokerCheck report, Quinn was terminated by LPL Financial in February, 2014 because he wrote checks with insufficient funds from his personal brokerage account at the firm. He placed mutual fund trades in client accounts with insufficient funds to cover the cost of trades and received commission advances on trades that were subsequently cancelled. He was permitted to resign from Independent Financial Group in June, 2014 for similar reasons.
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