Paul N. Lekousis of LaGrange Park, Illinois, a stockbroker associated with Pruco Securities LLC, has been discharged by the securities broker dealer on June 22, 2023, based upon allegations that Lekousis submitted “non-authentic” electronic customer signatures on insurance policy applications. Supposedly, he reused a customer signature page during the time that filing a form and shared his login information with another stockbroker who was his business partner, in violation of company policy. Lekousis also purportedly failed to report two customer complaints about his business partner’s conduct to the securities broker dealer’s management in a timely manner.
FINRA Public Disclosure also shows that on June 28, 2023, a customer initiated investment related complaint involving Lekousis’s conduct was settled for $148,532.53 in damages based upon allegations that Lekousis did not fully disclose all the facts concerning fees of insurance policies and the churning of those policies when Lekousis was associated with Pruco Securities LLC.
Lekousis was associated with Pruco Securities LLC in LaGrange Park, Illinois from September 5, 2018, to July 11, 2023.