Evan Jay Adelglass, a stockbroker associated with LPL Financial LLC in Ansonia, Connecticut, has been the subject of three customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claims regarding unsuitable investment recommendations.
FINRA Public Disclosure shows that customers alleged unsuitable investment recommendations by the stockbroker between 2020 and 2024, given their investment objectives and risk tolerance.
On October 3, 2024, FINRA Arbitration No. 24-02134 was filed alleging $330,000 in damages, and FINRA Arbitration No 24-02133, filed on the same day, sought $600,000 in damages. LPL Financial LLC settled these claims for $150,000 and $200,000, respectively, on December 26, 2024. Adelglass denied the allegations. The stockbroker stated that he provided tailored service, believing the securities broker dealer would have prevailed but opted to settle to avoid arbitration costs.
Public Disclosure also shows that a customer filed an investment related complaint on March 21, 2002, alleging that Adelglass made unsuitable recommendations in equities during the time that he was associated with First Union Securities. However, the securities broker dealer denied the complaint.
Adelglass has been registered with LPL Financial LLC since August 31, 2005.
