LPL Financial has been censured by the Financial Industry Regulatory Authority (FINRA) because they failed to supervise an affiliated broker whose outside dealing led to over $650K in losses for one of its customers. They have also been fined $150K. The red flags raised on account of the unidentified broker’s behavior were not picked up […]
Supervisory lapses lead to $150K fine for LPL Financial Read More »
Wausau investment agent and broker Tony Liddell has been barred from practicing after the emergence of information on public records about him not investing almost $2 million that his clients, more than a dozen in number, entrusted him with for investments. His firm was known as Prosper Wealth Management (PWM), and he was registered with Landolt Securities
Landolt Securities Tony Liddell BARRED on $2 Million Fraud Allegations Read More »
Christopher Herwig and Gregory Lindberg, North Carolina-based executives of Standard Advisory Services Limited, an investment advisory company based in Malta, have been charged, along with their firm, by the Securities and Exchange Commission (SEC) for perpetrating a $75 million fraud on clients for the purpose of enriching their companies and themselves. The transactions have not
Standard Advisory Services Limited Investigated In $75 Million Fraud Read More »
There are thousands of financial advisors and brokers in America. A majority of them provide value to their clients. Unfortunately, a small percentage don’t and have complaints against them for selling bad products, misleading investors, or stealing from clients. A great way to see a financial adviser’s complaints is with FINRA’s BrokerCheck. Most financial advisors, brokers,
FINRA Brokercheck: How to Check Out Your Financial Advisor Read More »
James K. Couture, a former broker of LPL Financial, has been barred from the industry by the Securities and Exchange Commission (SEC) after he recently pleaded guilty to charges against him relating to a theft of $2.8 million from 6 clients. This was the second time he had pleaded guilty. The formerly Sutton, Massachusetts-based broker
LPL Financial Advisor James Couture Pleads Guilty to Defrauding Clients Read More »