Christopher Brian Riggs (also known as Chris Riggs), of Petersburg, Virginia, a stockbroker registered with LPL Financial LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested over $5,000.00 in damages based upon allegations the he made the unsuitable investment recommendations of real estate securities or REITs to the investors. FINRA Arbitration No. 24-00611 (March 18, 2024).
FINRA Public Disclosure showsRiggs has been referenced in four other customer initiated investment related disputes concerning alleged sales practice violations, including unsuitable recommendations, misrepresentation, and unsuitable advice while associated with securities firms. FINRA Public Disclosure also shows that Riggs was referenced in a customer initiated investment related complaint involving LPL Financial LLC. The customer requested $65,000.00 in damages based upon allegations of unsuitable recommendations in real estate securities during the time that Riggs was associated with LPL Financial. The dispute was settled on January 25, 2022, for $25,000.00. FINRA Arbitration No. 20-03411.
Another customer filed an investment related complaint involving Riggs’ conduct at LPL Financial LLC, requesting $48,500.00 in damages. The customer alleged unsuitable recommendations and misrepresentation of real estate securities. The complaint was denied on October 29, 2019.
Riggs was additionally referenced in a customer initiated investment related complaint regarding his conduct at Edward Jones and LPL Financial LLC. The customer alleged misrepresentations and unsuitable recommendations in bonds and mutual funds. The customer sought $30,077.00 in damages. The case was settled on November 1, 2010, for $18,000.00 in damages.
Riggs was associated with LPL Financial LLC from September 19, 2007, to October 26, 2023, in Petersburg, Virginia.
