Unauthorized Trading

Mark Thomas Lamkin of Louisville Kentucky a stockbroker formerly registered with LPL Financial LLC is referenced in a disciplinary action brought by the Commonwealth of Kentucky’s Department of Financial Institutions in which the regulator is seeking revocation of Lamkin’s stockbroker or advisory licensure in the state founded on allegations of Lamkin engaging in unauthorized activities involving his receipt of compensation relating to advisory and stockbroker activities. Case No. 2019-AH-00015.

Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Lamkin has been identified in three customer initiated investment related disputes pertaining to accusations of his misconduct while employed with LPL Financial. Specifically, Lamkin is the subject of a customer initiated investment related written complaint which was settled on April 9, 2019 for $61,852.07 in damages supported by allegations that the customer’s account documentation had been falsified or altered; misrepresentations were made concerning real estate security products and variable annuities; and transactions failed to be suitable for the customer.

On May 8, 2019, another customer initiated investment related complaint involving Lamkin’s activities was resolved for $15,000.00 in damages based upon accusations that unfounded statements had been made by Lamkin about the principal that would be guaranteed through the customer’s investment in an indexed annuity. Lamkin is referenced in another customer initiated investment related arbitration claim where the customer sought $150,000.00 in damages founded on allegations that Lamkin’s investment recommendations were not suitable, and false or misleading statements had been made by the stockbroker concerning a real estate investment trust he sold during the time that he was associated with LPL Financial. FINRA Arbitration No. 19-02277 (Aug. 13, 2019).

Lamkin has been terminated by at least two securities broker dealer employers based upon accusations of misconduct. Specifically, Lamkin was terminated by PNC Brokerage supported by allegations of his involvement in a suspicious transfer of funds that took place while he was associated with the securities broker dealer. Also, Lamkin was discharged by LPL Financial founded on accusations that he sold away from the securities broker dealer; solicited private investments from investors; engaged in undisclosed outside business activities; and benefitted from loans which were made by customers of the securities broker dealer.

Lamkin has been registered with Calton Associates Inc. since December 10, 2018.

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.

Questions or comments regarding the source or accuracy of any information, including any subsequent developments, should be directed to:  [email protected]

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, P.C.

Our practice is limited to the representation of investors. Over the last three decades, we have recovered more than a hundred million dollars for more than 1,000 injured investors from all over the United States and several foreign countries. We accept representation purely 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 confidential 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

Stockbroker Fraud. Securities Arbitration and Investment Fraud Lawyers.  
National Practice. Contingent Fee. Confidential Free Consultation.

 (877) SEC-ATTY

1700 Market Street, Suite 1005
Philadelphia, PA 19103
Direct: (215) 413-8223
Toll Free: (877) 732-2889

1260 South Soto Street, Suite 7
Los Angeles, California 90023
Direct: (213) 255-3475
Toll Free: (877) 732-2889

2750 NE 185th Street, Suite 302
Aventura, Florida 33180-2877
Direct: (786) 490-2413
Toll Free: (877) 732-2889

See Important Disclaimer

Tags: ,

No comments yet.

Leave a Reply

Name (required)

Email (will not be published) (required)

Website