financial industry regulatory authority

Maryanne Virginia Bessler of Lynbrook New York a stockbroker currently registered with LPL Financial LLC is the subject of a customer initiated investment related FINRA securities arbitration claim where the customer requested $158,086.56 in damages founded on allegations that the customer had been advised by Bessler to invest in alternative investments and annuities when those products were not suitable for the customer. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-01576 (May 19, 2020). The claim also alleges that Bessler had not been properly supervised by LPL Financial which led the customer to experience damages.

This is not the first time that Bessler has been accused of wrongdoing by a customer of a securities broker dealer. FINRA Public Disclosure additionally reveals that a customer filed an investment related complaint concerning Bessler’s conduct in which the customer sought $9,400.00 in damages supported by accusations that the customer had been placed into unsuitable corporate bond investments during the time that Bessler was associated with Investors Capital Corporation.

Bessler has also been fined $16,400.00 by State of New York Insurance Department based upon allegations of her soliciting New Yorkers for insurance contracts when the issuer of those contracts was not authorized to do business in New York.