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.

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