Patricia Ann Lloyd of Phoenix Arizona a former National Planning Corporation stockbroker and investment adviser representative is referenced in a customer initiated investment related arbitration claim which was resolved for $96,000.00 in damages supported by accusations that (1) contractual obligations to the customer had been breached (2) the customer’s account was transacted upon in a negligent manner (3) fiduciary duties owed to the customer were breached and (4) exchange traded fund transactions had been executed in violation of the Arizona Securities Act. Financial Industry Regulatory Authority (FINRA) Arbitration No. 17-01399 (Aug. 16, 2018).
FINRA Public Disclosure confirms that Lloyd has been identified in two additional customer initiated investment related disputes containing allegations of her violative conduct during the time that she was associated with Cambridge Investment Research Inc. Particularly, on April 24, 2013, a customer filed an investment related complaint concerning Lloyd’s activities in which the customer requested $49,803.50 in damages based upon accusations that Lloyd mismanaged the customer’s investment portfolio and sold the customer a mutual fund investment that was not appropriate for the customer.
Then, on February 6, 2015, a customer filed an investment related complaint involving Lloyd’s conduct where the customer sought $19,800.00 in damages founded on allegations that Lloyd made misrepresentations to the customer about the liquidity of a real estate investment trust purchased by the customer.
Lloyds registration with National Planning Corporation has been terminated as of July 7, 2016. She has been associated with LPL Financial LLC since July 5, 2016.
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