Tag Archives: LPL Financial LLC

Investors File Arbitration Claim Against LPL For Suitability

January 19, 2021  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs, Variable Annuites   |   Comments Off on Investors File Arbitration Claim Against LPL For Suitability

Gilberto Briseno (also known as Gilbert Briseno) of Boutte Louisiana a former stockbroker and investment adviser representative of LPL Financial is referenced in a customer initiated investment related FINRA securities arbitration claim where the customer sought compensatory damages estimated to exceed $5,000.00 founded on allegations that the customer received unsuitable investment recommendations from Briseno concerning […]

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LPL Sanctioned By FINRA For Failure To Supervise

January 19, 2021  |   Posted by :   |   Failure To Supervise, Investment and Regulatory News   |   Comments Off on LPL Sanctioned By FINRA For Failure To Supervise

LPL Financial LLC a securities broker dealer headquartered in Fort Mill South Carolina has been censured and fined $6,500,000.00 based in part on findings that LPL failed to supervise its stockbrokers’ dissemination of consolidated reports to customers resulting in some of its customers being defrauded by an LPL stockbroker. Letter of Acceptance Waiver and Consent […]

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FINRA Sanctions LPL Stockbroker For Selling Away

January 03, 2021  |   Posted by :   |   Investment and Regulatory News, Selling Away and Outside Activities, Unsuitable Investment Recommendations   |   Comments Off on FINRA Sanctions LPL Stockbroker For Selling Away

Michael Anthony Tavel of Indianapolis Indiana a stockbroker formerly registered with LPL Financial LLC has been fined $20,000.00 and suspended for 18 months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings of Tavel selling away from LPL Financial and making unsuitable investment recommendations while registered with the […]

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Arkansas Regulator Sanctions Raymond James Stockbroker

December 07, 2020  |   Posted by :   |   Alternative Investments, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on Arkansas Regulator Sanctions Raymond James Stockbroker

Ronald Patrick Cameron of Fayetteville Arkansas a stockbroker and investment adviser representative of Raymond James Financial Services has been isnamed in arbitration claim an Order by Arkansas Securities Commissioner where he was fined $8,000.00 based upon findings that he settled a customer complaint away from Raymond James. Case No. S-19-0033 (Apr. 8, 2019). According to […]

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Investors File FINRA Securities Arbitration Claim Voya Financial For Negligence

December 07, 2020  |   Posted by :   |   Investment and Regulatory News, Non-traded REITs, Stockbroker Negligence   |   Comments Off on Investors File FINRA Securities Arbitration Claim Voya Financial For Negligence

James Joseph Zegers of Albany New York a stockbroker formerly registered with Voya Financial Advisors Inc. has been referenced in a customer initiated investment related arbitration claim which was resolved for $34,000.00 in damages supported by allegations that the customer was negligently placed in NorthStar REIT while Zegers was associated with Voya Financial Advisors. Financial […]

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LPL Stockbroker Sanctioned By FINRA For Selling Away

December 01, 2020  |   Posted by :   |   Securities Arbitration Claims, Selling Away and Outside Activities   |   Comments Off on LPL Stockbroker Sanctioned By FINRA For Selling Away

Norman Stanley Batansky of Jupiter Florida a stockbroker formerly employed by LPL Financial LLC has been fined $7,500.00 and suspended for one month from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Batansky engaged in private securities transactions and concealed his securities-related correspondence. Letter of Acceptance Waiver and […]

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LPL Stockbroker Sanctioned For Customer Loan

December 01, 2020  |   Posted by :   |   Customer Loans, FINRA Securities Arbitration, Investment and Regulatory News   |   Comments Off on LPL Stockbroker Sanctioned For Customer Loan

Timothy Aaron Engelmann of Albuquerque New Mexico a stockbroker formerly registered with LPL Financial LLC has been fined $5,000.00 and suspended for four months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Engelmann borrowed funds from customers without authorization. Letter of Acceptance Waiver and Consent No. […]

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Investors Accuse LPL Financial Of Fraudulent REIT Sales

November 30, 2020  |   Posted by :   |   FINRA Securities Arbitration, Investment and Regulatory News, Non-traded REITs, Securities Fraud   |   Comments Off on Investors Accuse LPL Financial Of Fraudulent REIT Sales

Cynthia Ann Giovacchino of Ansonia Connecticut a stockbroker formerly registered with LPL Financial LLC has been referenced in a customer initiated investment related complaint which was resolved on April 20, 2020 for $63,713.96 in damages supported by allegations that the customer had been sold unsuitable real estate investment trusts by Giovacchino. According to the complaint, […]

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LPL Stockbroker Barred In Investigation Over Altering Customer Statements

November 04, 2020  |   Posted by :   |   Forgery, Securities Arbitration Claims   |   Comments Off on LPL Stockbroker Barred In Investigation Over Altering Customer Statements

James Kenneth Couture of Worcester Massachusetts a stockbroker formerly registered with LPL Financial has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by findings that Couture failed to cooperate with FINRA investigators. Letter of Acceptance Waiver and Consent No. 2020067011901 (Oct. 21, 2020). According to the AWC, […]

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Investors Claim LPL Financial Made Unsuitable Energy Securities Recommendations

September 30, 2020  |   Posted by :   |   Breach of Fiduciary Duty, Business Development Companies, Private Placement Fraud, Securities Arbitration Claims   |   Comments Off on Investors Claim LPL Financial Made Unsuitable Energy Securities Recommendations

William Perry Randall (also known as W. Perry Randall) of Rockford Illinois a stockbroker formerly registered with LPL Financial LLC is the subject of a customer initiated investment related arbitration claim in which the customer sought $40,000.00 in damages based upon accusations that the customer had been advised to invest in energy sector investments which […]

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LPL Stockbroker Sanctioned For Forgery

September 30, 2020  |   Posted by :   |   Securities Arbitration Claims   |   Comments Off on LPL Stockbroker Sanctioned For Forgery

David Leroy Johnson (also known as D. Leroy Johnson) of Houston Texas a stockbroker formerly registered with LPL Financial LLC has been fined $5,000.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Johnson falsified signatures of LPL Financial customers and that […]

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LPL Financial Stockbroker Barred In Theft Investigation

September 30, 2020  |   Posted by :   |   Misappropriation of Funds, Stockbroker Theft   |   Comments Off on LPL Financial Stockbroker Barred In Theft Investigation

Matthew O. Clason of Glastonbury Connecticut a stockbroker formerly registered with LPL Financial LLC has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded upon findings that he did not honor FINRA requests which had been made during the time that he was under investigation for violating FINRA […]

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Investors Accuse LPL Financial Of Fraudulent Sale of Unregistered Securities

September 14, 2020  |   Posted by :   |   Direct Participation Programs, Securities Arbitration Claims, Securities Fraud, Unregistered Securities   |   Comments Off on Investors Accuse LPL Financial Of Fraudulent Sale of Unregistered Securities

Kevin Joseph Kuhlow (also known as Kevin J. Cullen) of Los Gatos California a stockbroker formerly employed by LPL Financial LLC is referenced in a customer initiated investment related written complaint which was settled for $60,000.00 on January 10, 2019 founded on accusations that the customer had been invested by Kuhlow in worthless unregistered securities. […]

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Commonwealth Financial Sued For Defective Investment Advice

August 27, 2020  |   Posted by :   |   Misappropriation of Funds, Securities Arbitration Claims, Stockbroker Theft   |   Comments Off on Commonwealth Financial Sued For Defective Investment Advice

Benjamin Frank Bourgeois Jr. of Metairie Louisiana a stockbroker formerly employed by Commonwealth Financial Network has been identified in a customer initiated investment related arbitration claim which was resolved for $15,000.00 in damages founded on accusations that the customer’s check had been misused by Bourgeois and that the customer received bad investment recommendations while Bourgeois […]

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FINRA Sanctions LPL Stockbroker For Unauthorized Trading

July 11, 2020  |   Posted by :   |   Unauthorized Trading   |   Comments Off on FINRA Sanctions LPL Stockbroker For Unauthorized Trading

Benard Wayne Gann of Tyler Texas a stockbroker formerly associated with LPL Financial LLC has been fined $5,000.00 and suspended for 30 days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on his consent to findings that he facilitated an unauthorized transaction in a customer’s account. Letter of Acceptance […]

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FINRA Sanctions LPL Stockbroker For Selling Away

July 11, 2020  |   Posted by :   |   Securities Arbitration Claims, Selling Away and Outside Activities   |   Comments Off on FINRA Sanctions LPL Stockbroker For Selling Away

John George Kallis of Louisville Kentucky a stockbroker formerly employed by LPL Financial LLC has been fined $5,000.00 and suspended for forty-five days from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on findings that Kallis engaged in undisclosed private securities transactions while employed by LPL Financial. Letter of Acceptance […]

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LPL Discharges Stockbroker For Altering Customer Account Forms

July 11, 2020  |   Posted by :   |   Forgery   |   Comments Off on LPL Discharges Stockbroker For Altering Customer Account Forms

James Michael Adgar of Alameda California a stockbroker formerly associated with LPL Financial LLC has been discharged by the firm on August 28, 2019 supported by allegations that Adgar neglected to abide by the policies of the securities broker dealer as it pertained to the insertion of customer signatures on incomplete documentation to effect transactions. […]

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SEC Bars LPL Stockbroker Charged With Theft of Customer Funds

June 26, 2020  |   Posted by :   |   Misappropriation of Funds, Stockbroker Theft   |   Comments Off on SEC Bars LPL Stockbroker Charged With Theft of Customer Funds

Dain F. Stokes of Bedford, New Hampshire was a registered representative of LPL Financial, LLC. Stokes is 60 years old and resides in Fremont, New Hampshire, where he also has his own LPL Financial independent office. According to FINRA Public Disclosure, In addition to being a registered representative, Stokes also spends time writing fictional novels. […]

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Investors Make Claims Against LPL Financial For Alternative Investments

June 24, 2020  |   Posted by :   |   Alternative Investments, Non-traded REITs, Securities Arbitration Claims   |   Comments Off on Investors Make Claims Against LPL Financial For Alternative Investments

Yvonne Lara Silguero of McAllen Texas a stockbroker currently associated with LPL Financial LLC has been referenced in a customer initiated investment related arbitration claim in which the customer requested $500,000.00 in damages supported by allegations that a fiduciary duty that was owed to the customer had been breached by Silguero as it pertained to […]

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FINRA Sanctions LPL Stockbroker For Obstructing Investigation

June 24, 2020  |   Posted by :   |   Customer Loans   |   Comments Off on FINRA Sanctions LPL Stockbroker For Obstructing Investigation

Scott Mason of Lakewood Colorado a stockbroker formerly employed by LPL Financial LLC has been suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity founded on accusations that Mason failed to cooperate with the regulator’s request for his information. Case No. 2018058924501 (Apr. 20, 2020). Mason will be automatically barred […]

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FINRA Sanctions LPL Stockbroker For Unauthorized Communications

June 08, 2020  |   Posted by :   |   Investment and Regulatory News   |   Comments Off on FINRA Sanctions LPL Stockbroker For Unauthorized Communications

Donald George Padilla of Alhambra California a stockbroker formerly employed by LPL Financial LLC has been fined $10,000.00 and suspended for five months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based on findings that Padilla used unauthorized correspondence channels with customers and had caused LPL Financial to maintain false […]

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LPL Stockbroker Barred By Regulator For Stealing From Elderly

May 13, 2020  |   Posted by :   |   Elder Financial Abuse, Misappropriation of Funds, Stockbroker Theft   |   Comments Off on LPL Stockbroker Barred By Regulator For Stealing From Elderly

Laura Ortega Shean (also known as Laura O. Provost and as Laura Ortega Provost) of Medford Oregon a stockbroker registered with LPL Financial LLC has been barred from working as a stockbroker or investment adviser representative and fined $30,000.00 by Oregon Division of Financial Regulation based upon allegations which include the stockbroker’s misappropriation of a […]

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FINRA Sanctions LPL Stockbroker Unsuitable REIT Sales

May 13, 2020  |   Posted by :   |   Non-traded REITs, Securities Arbitration Claims, Unsuitable Investment Recommendations   |   Comments Off on FINRA Sanctions LPL Stockbroker Unsuitable REIT Sales

Donald Stephen Woods (also known as Don Stephan Woods) of Louisville Kentucky a stockbroker formerly registered with LPL Financial has been fined $10,000.00 and suspended for six months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon findings that Woods provided unsuitable investment recommendations to customers and had submitted […]

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FINRA Sanctions LPL Stockbroker Over Promissory Notes

April 08, 2020  |   Posted by :   |   Customer Loans   |   Comments Off on FINRA Sanctions LPL Stockbroker Over Promissory Notes

Mark Thomas Lamkin of Louisville Kentucky a stockbroker formerly registered with LPL Financial LLC has been fined $7,500.00 and suspended for three months from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that he borrowed funds from a customer of LPL Financial without authorization and had […]

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Investors Sue LPL Financial For Breach Of Fiduciary Duty

March 26, 2020  |   Posted by :   |   Breach of Fiduciary Duty, Failure To Supervise, Securities Arbitration Claims   |   Comments Off on Investors Sue LPL Financial For Breach Of Fiduciary Duty

Samuel Izaguirre of Miami Lakes Florida a stockbroker currently employed by LPL Financial LLC has been identified in a customer initiated investment related arbitration claim where the customer sought $93,000.00 in damages based upon accusations that (1) Izaguirre lacked appropriate supervision from the securities broker dealer concerning his real estate securities transactions (2) information relating […]

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Investors Capital Corp Sued For Fraudulent REIT Sales

Carl John Grilli of Monrovia California a stockbroker formerly registered with Investors Capital Corp. is referenced in a customer initiated investment related civil action brought in the Superior Court of California in which the customer sought $89,000.00 in damages based upon allegations that (1) the customer’s account was administered negligently (2) information about investments had […]

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LPL Stockbroker Investigated For 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 […]

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LPL Stockbroker Fired For Unregistered Person

November 15, 2019  |   Posted by :   |   Investment and Regulatory News, Non-traded REITs   |   0 Comments

Christopher Neil Watkins of Louisville Kentucky a stockbroker registered with LPL Financial LLC has been discharged by the securities broker dealer on November 30, 2018 founded on accusations that Watkins provided compensation to an unauthorized, unregistered person who may have facilitated a securities transaction with an LPL Financial customer. Financial Industry Regulatory Authority (FINRA) Public […]

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LPL Sued For Bad BDC Recommendations

Galen Kyle Kopman of Vancouver Washington a stockbroker formerly registered with LPL Financial LLC is the subject of a customer initiated investment related arbitration claim where the customer requested $160,000.00 in damages based upon accusations that (1) unfounded statements and omissions had been made by Kopman in regards to risks of direct investments including business […]

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LPL Discharges Stockbroker For Unauthorized Trading

Steven Eric Erickson of Vancouver Washington a stockbroker formerly employed by LPL Financial LLC has been discharged by the firm on December 31, 2018 founded on accusations that (1) Erickson failed to comply with the policies and procedures of the firm by soliciting customers’ investments in unlisted and low-priced securities and (2) Erickson placed trades […]

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