Thomas Wayne Chandler of Fresno California a stockbroker formerly employed by LPL Financial LLC has been discharged by the firm on January 16, 2018 supported by accusations that Chandler placed transactions in a customer’s investment account that were not authorized by the customer.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Chandler has been identified in four more customer initiated investment related disputes pertaining to allegations of his misconduct during the time that he was registered with Merrill Lynch. Particularly, on December 27, 2001, a customer filed an investment related complaint regarding Chandler’s conduct in which the customer alleged that misrepresentations had been made to the customer concerning variable life insurance policy loan provisions.
On August 19, 2002, another customer filed an investment related complaint concerning Chandler’s activities where the customer requested $10,705.00 in damages based upon accusations that unauthorized stock trades were executed in the customer’s account. Then, on September 9, 2002, a customer filed an investment related complaint involving Chandler’s conduct in which customers collectively sought $192,400.00 in damages founded on allegations that mutual fund and equity trades were effected in customers’ accounts that were not appropriate for them. Moreover, on December 25, 2002, a customer filed an investment related complaint regarding Chandler’s conduct alleging that unsuitable over-the-counter equities transactions had been placed in the customer’s account.
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