Haselkorn & Thibaut, P.A., operating as Investment Fraud Lawyers, has opened an investigation into Edward Joseph MacPhee III (CRD #5476050) in relation to a recent employment separation from Secure Investment Management LLC. As a firm comprised of former Wall Street defense attorneys—armed with insider knowledge and over 95+ years of securities law experience—we relentlessly fight for investors nationwide. If you have invested with Edward MacPhee or have concerns regarding your accounts, this report is for you.
Our sole mission is to help you recover funds and losses caused by potential investment fraud, misuse of funds, or suspicious advisor conduct. We offer a free, confidential consultation at 1-888-885-7162—with no fees unless you recover.
Current Regulatory Status of Edward Joseph MacPhee III
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According to our review of public records, Edward MacPhee, whose last known affiliation was with Secure Investment Management LLC and previously with LPL Financial LLC, is currently not registered as a broker. His professional background—and any investor red flags—are summarized below for those concerned about possible investment misconduct in Phoenix, AZ, or wherever you may have worked with him.
- No customer complaints or arbitration awards reported as of our latest review.
- No regulatory actions, SEC orders, or disciplinary events in FINRA BrokerCheck or SEC records.
- No civil lawsuits, criminal actions, or credible media reports alleging investor harm were found in public enforcement and litigation databases.
- No state securities regulator actions appear in public databases.
For transparency, here is the official BrokerCheck link for your review.
Recent Employment Separation: What Investors Should Know
On July 17, 2026, Edward MacPhee voluntarily resigned from Secure Investment Management LLC. His FINRA BrokerCheck report lists a significant disclosure: the firm suspected him of “selling away,” unapproved outside business activities, and using non-compliant channels for communications related to insurance and marketing advisory business.
| Key Disclosure | Firm Summary (from BrokerCheck) |
|---|---|
| Employment Separation | Voluntary resignation due to suspicion of selling away, unapproved outside business, and compliance violations. Cited issues with non-approved communication channels and marketing practices. Product type listed as “No Product.” |
While there are no formally adjudicated claims or complaints against Edward MacPhee in civil or regulatory records, the presence of these allegations is a serious red flag that investors should not ignore. Selling away and unapproved outside activities can put investors at risk by potentially exposing them to unauthorized or risky investments outside a broker’s official supervision and compliance controls.
Understanding “Selling Away” and Outside Business Activity Risks
“Selling away” occurs when a registered representative offers or sells securities or other investments not approved by their broker-dealer. This activity—prohibited by FINRA Rule 3280—can leave investors unprotected, as these transactions may bypass compliance and risk oversight. Secure Investment Management LLC’s suspicion of such conduct by Edward MacPhee should be taken seriously.
Similarly, FINRA Rule 3270 prohibits unapproved outside business activities. Registered persons must notify their firms in writing before engaging in any non-firm business. Failing to comply undermines firm supervision and can lead to significant investor losses.
- Compliance failures can lead to investments not vetted for risk, suitability, or legitimacy.
- Investors may lack regulatory protections if sold products outside a broker’s oversight.
- Any violation can put your funds and recovery prospects at greater risk.
Regulation Best Interest (Reg BI): Your Investor Protections
Regulation Best Interest (Reg BI) governs how broker-dealers must prioritize investors’ interests. Under Reg BI, advisors like Edward MacPhee—when recommending securities or investment strategies—must:
- Disclose material facts, including fees, conflicts, and the scope of their services.
- Act with care, diligence, and skill, considering not just appropriateness but also best interests and cost.
- Mitigate or eliminate conflicts of interest that may influence recommendations.
- Maintain strong compliance systems to identify and prevent misconduct.
If an advisor recommends investments outside their firm’s offerings without notice or approval, that conduct may violate both Reg BI and firm policies. Depending on the facts, it may support efforts to recover invested funds.
Investor FAQ: Complaint & Litigation Summary Against Edward MacPhee
| Complaint Category | Findings (as of September 2026) |
|---|---|
| Customer Complaints | None reported |
| Regulatory Disciplinary Actions | None reported |
| Civil Litigation/Arbitration | None reported |
| Employment Separation | Voluntary resignation; firm cited suspected compliance violations, including selling away |
| Other Red Flags | Suspected violations of FINRA Rules 3280 and 3270 for private securities transactions and outside business activity, with compliance concerns cited by Secure Investment Management LLC |
Our attorneys advocate for investors harmed by selling away, unauthorized transactions, or compliance breaches.
Review Misrepresentation and unauthorized trading for more context on potential recovery claims.
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How Our Team Can Help Recover Your Losses
Our firm’s success rate—98% across hundreds of claims—reflects our extensive experience. With a Top 2% Martindale-Hubbell AV Preeminent peer rating, Super Lawyers designation, and 5.0-star client reviews, we are well qualified to evaluate your potential claim and fight for your recovery.
- No recovery, no fee: You pay nothing unless we recover funds for you.
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- Insider knowledge: We use former Wall Street defense experience to build the strongest case possible.
- Nationwide reach: Our attorneys represent investors throughout the United States.
If you worked with Edward Joseph MacPhee III—particularly at Secure Investment Management LLC or LPL Financial LLC—and have concerns about your investments or advisor conduct, our firm stands ready to review your situation. Even in the absence of finalized customer complaints, employment separation disclosures and compliance red flags may warrant prompt attention to help protect your financial future.
Have questions? Worried about your investment losses? For a confidential, free consultation about your rights and options, call us now at 1-888-885-7162. Our attorneys are ready to provide answers and, if appropriate, take steps to help you pursue recovery of your funds.