Tag Archives: LPL Financial L.L.C.

LPL Stockbroker Charged With Outside Business Activity

January 19, 2021  |   Posted by :   |   Investment and Regulatory News, Selling Away and Outside Activities   |   Comments Off on LPL Stockbroker Charged With Outside Business Activity

Jason Howell Poff of Houston Texas a former stockbroker and investment adviser representative of LPL Financial LLC has been charged by Financial Industry Regulatory Authority (FINRA) Department of Enforcement with engaging in outside business activities that were not approved by the securities broker dealer. Department of Enforcement v. Jason Howell Poff Disciplinary Proceeding No. 2018058501502 […]

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FINRA Sanctions LPL Stockbroker For Unauthorized Activities

September 14, 2020  |   Posted by :   |   Selling Away and Outside Activities   |   Comments Off on FINRA Sanctions LPL Stockbroker For Unauthorized Activities

Clifton Hideki Roberts (also known as Cliff H. Roberts and as Clifton Sato Roberts) of Houston Texas a stockbroker formerly registered with LPL Financial LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Roberts engaged in undisclosed outside business activities while associated with […]

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FINRA Sanctions LPL Stockbroker For Selling Away

September 14, 2020  |   Posted by :   |   Selling Away and Outside Activities   |   Comments Off on FINRA Sanctions LPL Stockbroker For Selling Away

James Michael Rapisarda of Scottsdale Arizona a stockbroker formerly registered with LPL Financial LLC has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that Rapisarda engaged in prohibited securities transactions during the period in which he was associated with LPL Financial. Letter […]

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LPL Stockbroker Caught Selling Unregistered Securities

July 11, 2020  |   Posted by :   |   Securities Arbitration Claims, Securities Fraud, Unregistered Securities   |   Comments Off on LPL Stockbroker Caught Selling Unregistered Securities

Kerry Lee Hoffman of Chicago Illinois a stockbroker formerly associated with LPL Financial LLC has been referenced in a customer initiated investment related arbitration claim in which the customer requested $100,000.00 in damages supported by allegations that the customer had been advised by Hoffman to invest in unregistered securities during the period in which the […]

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Investors Sue LPL For Unauthorized Trading

June 24, 2020  |   Posted by :   |   Securities Arbitration Claims, Unauthorized Trading   |   Comments Off on Investors Sue LPL For Unauthorized Trading

Kevin Marshall McCallum of Birmingham Alabama a stockbroker formerly associated with LPL Financial LLC has been referenced in a customer initiated investment related arbitration claim in which the customer requested damages estimated to exceed $5,000.00 supported by allegations that unauthorized transactions were facilitated in the customer’s account during the period in which McCallum was employed […]

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Investors Sue LPL Financial For Misrepresentation

June 03, 2020  |   Posted by :   |   Securities Arbitration Claims, Unsuitable Investment Recommendations   |   Comments Off on Investors Sue LPL Financial For Misrepresentation

Kevin Charles Fretz of South Windsor Connecticut a stockbroker formerly registered with LPL Financial LLC is the subject of a customer initiated investment related written complaint on March 2, 2020 where the customer sought $66,000.00 in damages based upon accusations that transactions were unsuitable for the customer and that misrepresentations were made by Fretz concerning […]

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Regulator Sanctions LPL Financial Stockbroker

April 23, 2020  |   Posted by :   |   Investment and Regulatory News   |   Comments Off on Regulator Sanctions LPL Financial Stockbroker

Joe Percy Medrano of Golden Colorado a stockbroker formerly registered with LPL Financial LLC and Greenstar Advisors LLC is the subject of a Colorado Division of Securities Consent Licensing Order on January 2, 2020 in which he was placed on heightened supervision for three years. Medrano has also been ordered to cease and desist violating […]

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LPL Stockbroker Sanctioned For Unsuitable Recommendations

April 08, 2020  |   Posted by :   |   Defective Option Strategies, Inverse/Leveraged ETF Funds   |   Comments Off on LPL Stockbroker Sanctioned For Unsuitable Recommendations

Cory Ryan Burnell of Valley Springs Colorado a stockbroker formerly employed by LPL Financial LLC and Blueprint Wealth Partners LLC has been ordered by California Department of Business Oversight to cease and desist violating securities laws or regulations and has been suspended for twelve months from engaging in investment advisory business in the State of […]

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LPL Stockbroker Barred For Theft Of Customer Funds

April 08, 2020  |   Posted by :   |   Misappropriation of Funds, Securities Arbitration Claims, Stockbroker Theft   |   Comments Off on LPL Stockbroker Barred For Theft Of Customer Funds

James Thomas Booth of Norwalk Connecticut a stockbroker employed by Invest Financial Corporation and LPL Financial LLC is the subject of an Order to Cease and Desist by the Banking Commissioner of the State of Connecticut based upon allegations that Booth engaged in fraudulent activities and had misappropriated funds belonging to customers of Invest Financial […]

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Investors Sue LPL Financial For Unsuitable REIT Sales

Jordan John Boyle of Saratoga Springs Utah a stockbroker currently registered with LPL Financial is the subject of a customer initiated investment related arbitration claim in which the customer requested $50,000.00 in damages based upon allegations that the customer had been poorly advised as it pertained to real estate securities sold by Boyle between 2014 […]

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LPL Financial Sued By Investors For Churning

Scott Douglas Williams of Franklin Tennessee a stockbroker formerly employed by LPL Financial has been identified in a customer initiated investment related arbitration claim which has been resolved for $61,050.00 in damages founded on accusations that the customer’s account had been churned and that unsuitable penny stocks and equities were traded in the customer’s LPL […]

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LPL Financial Settles Stockbroker Theft Cases For $5 Million

Sonya D. Camarco (also known as Sonia D. Fatchett and as Sonya D. Fatchett-Camarco) of Colorado Springs Colorado a stockbroker formerly employed by LPL Financial LLC has been identified in a customer initiated investment related arbitration claim which has been resolved for $4,200,000.00 in damages founded on accusations that the customer’s funds were misappropriated or […]

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Investors Accuse LPL Of Alternative Investment Misconduct

Wesley Justin Foltz of Alexandria Louisiana a stockbroker formerly associated with Prospera Financial Services Inc. and LPL Financial LLC has been referenced in a customer initiated investment related complaint on February 15, 2019 in which the customer requested $50,000.00 in damages supported by allegations that direct investments including a real estate investment trust sold by […]

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FINRA Bars LPL Financial Stockbroker In Investigation

February 06, 2020  |   Posted by :   |   Investment and Regulatory News   |   0 Comments

Marc Salvatore Pico of Fort Lee New Jersey a stockbroker currently registered with LPL Financial LLC has been barred by Financial Industry Regulatory Authority (FINRA) from associating with any FINRA member in any capacity based upon allegations that the stockbroker neglected to respond to the regulator’s request for information about his activities. Case No. 2018059327101 […]

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LPL Stockbroker Sanctioned For Outside Business Activities

Jason C. Labelle of Pittsfield Massachusetts a stockbroker formerly registered with LPL Financial LLC has been fined $5,000.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that the stockbroker engaged in an outside business activity without disclosing it to LPL Financial. Letter of […]

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Investors Sue LPL Financial For REIT Sales

Graham Charles Green of San Francisco California a stockbroker currently registered with LPL Financial LLC is the subject of a customer initiated investment related written complaint on January 18, 2018 where the customer sought damages estimated to exceed $5,000.00 founded on accusations that investment recommendations failed to be suitable and the customer sustained losses on […]

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FINRA Bars LPL Stockbroker In Investigation

Michael Radford Severance of Edina Minnesota a stockbroker formerly employed by LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Severance failed to cooperate with a FINRA investigation into accusations of him engaging in undisclosed outside business activities. Letter of Acceptance […]

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SEC Charges LPL Stockbroker With Securities Fraud

Kerry Lee Hoffman of Mundelein Illinois a stockbroker formerly registered with LPL Financial LLC has been charged by Securities and Exchange Commission (SEC) in a Complaint which alleged that Hoffman engaged in securities fraud through his offer and sale of unregistered GT Media Inc. securities. United States Securities and Exchange Commission v. Kerry L. Hoffman […]

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Investors Blame LPL Financial For Excessive Commissions

Maryanne Virginia Bessler of Lynbrook New York a stockbroker currently employed by LPL Financial LLC is the subject of a customer initiated investment related written complaint on April 24, 2019 where the customer requested damages estimated to exceed $5,000.00 based upon accusations that investment recommendations made to the customer were not suitable and commissions assessed […]

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LPL Stockbroker Investigated For Unauthorized Trading

November 01, 2019  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   0 Comments

John Henry Geary of Mount Laurel New Jersey a stockbroker formerly registered with LPL Financial LLC is referenced in a Financial Industry Regulatory Authority (FINRA) investigation dated August 7, 2019 into whether Geary executed unauthorized trades in a customer’s account. According to FINRA Public Disclosure, Geary effected the sale of stock from a customer’s investment […]

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FINRA Bars LPL Stockbroker In Unauthorized Trading Investigation

October 18, 2019  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   0 Comments

Louis Mark Miller of Jericho New York a stockbroker formerly registered with LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings of Miller having failed to comply with FINRA personnel during the period in which he was investigated for effecting discretionary trades […]

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LPL Stockbroker Sanctioned For Unauthorized Trading

October 14, 2019  |   Posted by :   |   Investment and Regulatory News, Unauthorized Trading   |   0 Comments

Jeffrey Lawrence Vasiloff of Vermilion Ohio a stockbroker formerly employed by LPL Financial LLC has been fined $2,500.00 and suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that trades were executed by Vasiloff on a discretionary basis and without the stockbroker receiving written permission from customers […]

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Investors Sue LPL Financial For Bad Leveraged ETFs

Michael Alexander Hanson of La Mirada California a stockbroker formerly employed by LPL Financial LLC is referenced in a customer initiated investment related arbitration claim which was resolved for $400,000.00 in damages supported by accusations that the customer had been placed into leveraged exchange traded funds which failed to align with the customer’s objectives for […]

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LPL Stockbroker Barred By Regulator For Selling Away

Joseph Alan Likens of Des Peres Missouri a stockbroker employed by LPL Financial LLC has been barred from being a stockbroker or an investment adviser representative in the State of Missouri according to a Consent Order issued by the State of Missouri Office of Secretary of State containing findings that Likens engaged in unethical and […]

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LPL Financial Pays Investors In Promissory Note Scheme

Michael Scott Lincoln of San Diego California a stockbroker formerly employed by LPL Financial LLC is referenced in a customer initiated investment related arbitration claim which was settled for $275,000.00 in damages founded on allegations that (1) trades placed in the customer’s investment account were unsuitable for the customer (2) the customer’s investment affairs were […]

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Terminated LPL Stockbroker Accused of Stockbroker Theft

James “Jim” Booth of LPL Financial and Booth Financial in Norwalk Connecticut has been named in a customer initiated, investment related claims filed before the Financial Industry Regulatory Authority that Booth stole or misappropriated funds from his customers. According to FINRA Public Disclosure, Booth appears to have been terminated by LPL on June 26, 2019. […]

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Regulator Suspends LPL Stockbroker For Wrongful Investment Strategy

Jason N. Anderson of Beaumont Texas a stockbroker formerly registered with LPL Financial LLC has been suspended for three months from being an investment adviser representative in the State of Texas according to a Disciplinary Order issued by the Texas State Securities Board Order containing findings that Andersons provided investors with investment recommendations that were […]

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FINRA Bars LPL Stockbroker For Dodging FINRA Investigation

June 09, 2019  |   Posted by :   |   Investment and Regulatory News, Variable Annuites   |   0 Comments

Jason Reed Nelson of Tremonton Utah a stockbroker formerly registered with LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon Nelson’s consent to findings that Nelson hindered a FINRA investigation concerning Nelson’s alleged misrepresentation of LPL Financial LLC customers’ financial information relating to […]

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LPL Financial Stockbroker Fired For Forgery

Don Wesley Salter of Shreveport Louisiana a stockbroker formerly employed by LPL Financial LLC has been discharged by the firm on June 30, 2018 based upon allegations that Salter failed to abide by the policies of LPL Financial LLC with respect to the authenticity of customer signatures on account related documentation. Financial Industry Regulatory Authority […]

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FINRA Sanctions LPL Stockbroker For Customer Loans

James Edward Bashaw of Houston Texas a stockbroker formerly employed by LPL Financial LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Bashaw engaged in impermissible customer loan arrangements while associated with LPL Financial. Letter of Acceptance Waiver and Consent No. […]

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