Haselkorn & Thibaut Opens Investigation Into Joy Lori Simar of LPL Enterprise, LLC in McKinney, Texas
Are you a current or former client of Joy Lori Simar (CRD# 6147731) with LPL Enterprise, LLC in McKinney, Texas? Haselkorn & Thibaut, a national law firm focused on protecting investors, has launched an investigation into Joy Lori Simar and her activities as a registered financial advisor and broker. If you have experienced losses or have concerns about her handling of your investments, you may be entitled to a free consultation. Call 1-888-885-7162 to speak confidentially with a knowledgeable attorney today.
Who is Joy Lori Simar?
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Joy Lori Simar is a financial advisor with over 12 years of industry experience, currently registered with LPL Enterprise, LLC (CRD# 8733) in McKinney, Texas. She began her career in the financial services sector in 2013 and has held positions with several major broker-dealers, including:
- New York Life Securities (Frisco, TX)
- MML Investors Services (Dallas, TX)
- Pruco Securities (McKinney, TX)
- Prudential Financial Planning Services (McKinney, TX)
Ms. Simar holds four securities industry examinations (SIE, Series 6, 63, and 65), enabling her to serve as both a broker and investment adviser representative. She is licensed to operate in 13 U.S. states and territories, primarily serving investors throughout Texas, the South, and the Midwest.
Recent Firm Change and Professional Background
As of November 2024, Joy Lori Simar transitioned from Pruco Securities/Prudential to LPL Enterprise, maintaining all of her state licenses and starting fresh with a new broker-dealer. Her main office is in McKinney, Texas, though her official branch is located at 1055 LPL Way, Fort Mill, SC, as listed with the broker-dealer.
Throughout her career, Ms. Simar has combined investment advisory services with insurance-related activities, providing clients with comprehensive financial planning and group benefits as part of her offerings. Her insurance-related business activities are reported with various carriers, demonstrating a diversified practice.
Disclosure: Customer Complaint Against Joy Lori Simar
| Disclosure Type | Status | Allegations | Date | Product | Damages Alleged | Resolution |
|---|---|---|---|---|---|---|
| Customer Dispute | Denied | Improper application handling by representative | Complaint Filed: 11/22/2024 Closed: 12/20/2024 |
Variable Annuity | $203,902 | No compensation awarded; No findings against advisor |
On November 22, 2024, a customer filed a written complaint against Ms. Simar, alleging that she mishandled a variable annuity application, resulting in potential losses of up to $203,902. The complaint was handled by her then-employer, Pruco Securities. After review, the firm denied the claim on December 20, 2024, choosing not to award compensation and making no adverse findings against Ms. Simar.
Broker’s Statement: “This matter was reviewed and denied by my firm. No compensation was awarded, and no findings were made against me. I remain committed to serving clients ethically and professionally.”
It’s important for investors to note that a denied complaint does not always mean that investor concerns were unfounded – it simply means the firm, after its own review, determined not to settle or take action.
Regulatory Actions, Other Disclosures, and Red Flags
- No regulatory actions—no SEC or FINRA disciplinary cases.
- No pending investigations or criminal prosecutions.
- No civil judgments, liens, or bankruptcies reported.
Ms. Simar’s record shows only one customer complaint, which was reviewed and denied by her employer. No settlements, regulatory penalties, or criminal findings have been made against her. Her professional background reflects the steady and typical career progression of a financial advisor with both insurance and investment qualifications.
What Should Investors Consider?
- If you purchased a variable annuity or other complex financial product through Joy Lori Simar, especially in the past year, review your account statements and transaction history carefully.
- Watch out for losses, unexplained fees, or unclear explanations about your investments.
- Do you have concerns about the handling of your application or investments?
- Has your advisor recently changed firms? Sometimes, transitions can lead to administrative or compliance errors.
One denied complaint is not unusual in the long career of a financial professional, but it may serve as a red flag worth discussing with a securities attorney, particularly if you have suffered losses or are unsure about the terms or performance of your investments.
Summary Table – Joy Lori Simar (LPL Enterprise, LLC)
| Advisor Name | CRD # | Years in Industry | Current Firm | Location | Disclosures | States Licensed |
|---|---|---|---|---|---|---|
| Joy Lori Simar | 6147731 | 12+ | LPL Enterprise, LLC | McKinney, TX | 1 Customer Complaint (Denied) | 13 |
How Haselkorn & Thibaut Can Help Investors
If you are concerned about any investments made with Joy Lori Simar or feel your account was mishandled, Haselkorn & Thibaut wants to hear from you. Our attorneys have over 50 years of experience in securities law, a 98% success rate, and have recovered millions for investors nationwide. We only get paid if you recover money—no recovery, no fee.
Call 1-888-885-7162 now for your free, confidential consultation. This second opinion is no cost, no obligation—just answers to help you move forward and protect your financial future.
Don’t wait: If you’ve experienced investment losses or have questions about your advisor’s conduct, reach out to Haselkorn & Thibaut today.
