Gary T. Plessl of Allentown Pennsylvania a stockbroker formerly registered with LPL Financial LLC is referenced in a customer initiated investment related arbitration claim on February 28, 2017 where the customer sought $250,000.00 in damages based upon allegations that (1) misrepresentations had been made to the customer concerning the customer’s investments in variable annuities and (2) the customer was provided with unsuitable advice regarding the purchase of annuity products. Financial Industry Regulatory Authority (FINRA) Arbitration No. 17-00572 (Feb. 28, 2017).
This is not the first time that Plessl was accused of misconduct by a customer. FINRA Public Disclosure confirms that Plessl is also the subject of a customer initiated investment related arbitration claim in which the customer requested $687,661.00 in damages supported by accusations that Plessl sold the customer alternative investments as part of an investment plan that was not appropriate for the customer given the customer’s financial status, tolerance for risk or objectives for investing.
Plessl’s registration with LPL Financial LLC has been terminated as of September 28, 2016. Since September 16, 2016, Plessl has been employed by Ameriprise Financial Services Inc.
