arbitration notice

Scott Anthony Lanza of Boca Raton, Florida, a stockbroker formerly registered with LPL Financial LLC, is referenced in a customer initiated investment related, FINRA Securities Arbitration claim where the customer requested compensatory damages founded on accusations of Lanza recommending unsuitable investments to the LPL Financial customer. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-03871. (November 20, 2020). The claim alleges that business development companies and real estate investment trusts were not suitable for the customer’s investment account at LPL Financial.

This is not the first LPL Financial customer to have alleged sales practice violations by Lanza. FINRA Public Disclosure shows that Lanza is the subject of a customer initiated investment related arbitration claim which was settled for $70,000.00 in damages supported by allegations of breach of contract, breach of fiduciary duty, and negligence concerning mutual fund trades made in the customer’s account by Lanza while he was registered with LPL Financial.

Lanza’s stockbroker and investment adviser representative registrations at LPL Financial were terminated on May 23, 2019. Since May 22, 2019, Lanza has been employed by IFP Securities LLC as a stockbroker. Since March 20, 2019, he has been associated with Independent Financial Partners as an investment adviser representative.