Sonya D. Camarco, of Colorado Springs, Colorado, a stockbroker formerly registered with LPL Financial LLC, is the subject of a customer initiated investment related written complaint on October 20, 2017, where the customer requested $52,234.20 in damages supported by accusations of fraud, breach of fiduciary duty, and conversion of the customer’s funds.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Camarco is the subject of four more customer initiated investment related disputes pertaining to allegations of her wrongdoing during the time that she and Camarco Investments, Inc. were charged by Securities and Exchange Commission (SEC) with misappropriating $2,800,000.00 in customer assets. United States Securities and Exchange Commission v. Sonya D. Camarco, et al., Civil Action No. 1:17-cv-02027 (D. Colo. Aug. 23, 2017).
Particularly, on September 26, 2017, a customer filed an investment related written complaint involving Camarco’s conduct, in which the customer sought $5,000.00 in damages based upon accusations of poorly performing, unsuitable stock investments having been effected in the customer’s account. Then, on September 27, 2017, a customer filed an investment related written complaint regarding Camarco’s activities alleging misrepresentation.
On September 28, 2017, another customer filed an investment related written complaint relating to Camarco’s activities, wherein the customer sought at least $5,000.00 in damages based upon accusations of misappropriation. Thereafter, on October 11, 2017, a customer filed an investment related written complaint relating to allegations of Camarco’s theft and fraud.
Camarco was fired from LPL Financial on August 9, 2017, supported by allegations that third party checks from customers had been placed by Camarco in her bank account, where their funds were accessed for Camarco’s personal gain.
Courts and securities arbitration panels, in identical circumstances, have long held brokerage firms such as Bolton Global, responsible for the conduct of their registered representatives in “selling away” cases based upon the broker-dealer’s failure to supervise.
The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.
This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer
Guiliano Law Group
Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
For more information concerning common claims against stockbrokers and investment professionals, please visit us at securitiesarbitrations.com
To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com
