Bryan Scott Foster, of Southfield, Michigan, a stockbroker registered with LPL Financial LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $8,000.00 in damages based upon allegations that Foster made the unsuitable investment recommendations of real estate related securities or Real Estate Investment Trusts when Foster was associated with LPL Financial LLC. FINRA Arbitration No. 23-02433 (January 30, 2024).
This is not the first time that Foster has been referenced in a customer initiated investment related dispute concerning Foster’s conduct in the securities industry. FINRA Public Disclosure shows that Foster was also referenced in a customer initiated investment related complaint that was settled on April 13, 2004, for $13,000.00 in damages based upon allegations that Foster, while associated with Charles Schwab Co. Inc., provided misleading information regarding the tax consequence of transferring a variable annuity, resulting in a tax obligation higher than the customer was informed.
Foster has been associated with LPL Financial LLC in Southfield, Michigan since October 9, 2009, as a stockbroker. Additionally, Foster has been registered with LPL Financial LLC as an investment advisor representative since August 23, 2010.
