Settlements Reached Annuity Cases Involving LPL Advisor David Taddeo
David Taddeo (CRD 1163829) has been involved in three recent customer disputes that have settled according to records reviewed by FINRA on January 10, 2022. Customer Settlements Totaled Over $800,000 According to records received from FINRA, a complaint was filed involving David Taddeo’s alleged misrepresentation of variable annuity income benefit riders. That complaint settled for […]
Former Crown Capital Advisor Ben Herritage Involved in Non-Traded REIT Dispute
Ben Herritage (CRD# 4027113) is involved in a pending customer complaint alleging various forms of misconduct connected to an REIT investment. According to his Financial Industry Regulatory Authority (FINRA) BrokerCheck report, last accessed on December 21, 2021, Mr. Herritage is currently registered as a broker and an investment adviser with LPL Financial in Columbia, South […]
LPL Financial Fined Over Advisor’s Fraud
LPL Financial was recently fined and sanctioned by the State of New Hampshire in connection with Dain Stokes’s fraud. According to the consent order: Dain Stokes was a representative at LPL from June 2009 until August 28, 2019. Stokes solicited LPL clients to invest in unsecured promissory notes. He told his clients that the notes […]
LPL Financial Fined Following AML Complaint
In response to a complaint filed by the SEC, LPL Financial has agreed to pay more than $4.8 million dollars in fines and restitution to the Municipality of Mayaguez, Puerto Rico in connection with antifraud violations by Eugenio Garcia Jimenez, Jr., an unregistered investment adviser not affiliated with LPL. According to the order issued by […]
Michael Barranco Involved in $3.2 Million Investor Complaint
Michael Barranco (CRD# 4825738) is involved in a $3.2 million dispute. According to his Financial Industry Regulatory Authority (FINRA) BrokerCheck report, accessed on November 27, 2021, Mr. Barranco was previously registered as a broker with LPL Financial in Montgomery, Alabama. He is currently registered as an investment adviser with Invista Advisors in Montgomery, according to […]
LPL Financial Fined $6.5 Million By FINRA
FINRA fined LPL Financial $6.5 million in December 2020. The fine relates to conduct that occurred from January 2014 to September 2019. Did You Lose Money Investing With LPL Financial? Notice: JavaScript is required for this content. Print this Article
Investor Files Complaint over LPL rep James Frawley’s Option Trades
James Frawley (CRD #: 2867752), a broker registered with LPL Financial in Santa Monica, California, is involved in an investor dispute, according to his BrokerCheck record, accessed on November 10, 2021. Details of the dispute are provided below. On January 21, 2021, an investor alleged that Jim Frawley misrepresented options trades. Options trading is a […]
Ex-LPL Broker Kevin McCallum Suspended by FINRA
Kevin McCallum (CRD# 2222586), formerly an LPL Financial broker based in Birmingham, has been suspended by FINRA, according to Financial Industry Regulatory Authority (FINRA) records accessed on November 2, 2021. Records show that he is also the recipient of numerous resolved or pending customer disputes. The investor advocates at MDF Law are interested in hearing […]
Colorado Based LPL Rep Kim Kennedy Involved in Two Pending Arbitrations
Kimberly Kennedy (CRD# 1487140), the Denver-based LPL Financial broker, allegedly recommended unsuitable investments, according to Financial Industry Regulatory Authority (FINRA) records accessed on November 2, 2021. The complaints seek as much as $735,000 in cumulative damages. If you have complaints regarding Ms. Kennedy, call MDF Law at 800-767-8040 for a free consultation. You may be […]
LPL Financial Investor Complaint Information
Investors wishing to file complaints against LPL Financial can do so before FINRA. LPL Financial LLC is a broker-dealer firm with its primary offices located in South Carolina. It is registered with the SEC and FINRA (Financial Industry Regulatory Authority), and has licenses in 53 states and U.S. territories. Its CRD Number (Central Registration Depository […]