Aaron L. Austin of Bel Air Maryland, a stockbroker formerly registered with LPL Financial LLC, has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that he failed to cooperate with FINRA’s request for information. Case No. 2018058669301 (January 29, 2019).
According to FINRA Public Disclosure, Austin was issued a Suspension from Association letter on November 20, 2018. He was provided until January 28, 2019, to cooperate with FINRA’s requests or otherwise seek termination of the suspension. Austin did not comply, resulting in the regulator’s automatic bar.
FINRA Public Disclosure shows that Austin has been identified in two customer initiated investment related disputes regarding allegations of his wrongdoing while employed by LPL Financial. On October 3, 2018, a customer initiated investment related complaint involving Austin’s conduct was settled for $20,000.00 in damages supported by accusations that Austin failed to invest the customer’s money after receiving cash from the customer for that purpose. The complaint alleges that Austin did not return the customer’s principal.
Austin is referenced in another customer initiated investment related written complaint which was resolved for $20,000.00 on January 9, 2019, based upon allegations of Austin mishandling the customer’s funds by not investing in an investment that the customer gave him cash to purchase.
Austin was discharged by LPL Financial on April 25, 2018, founded on accusations of Austin being charged with felony burglary
