Haselkorn & Thibaut Opens Investigation Into Stephen Wagner, LPL Financial (Ventura, CA)
If you are looking for information on Stephen Wagner, CRD# 2193508, formerly of LPL Financial in Ventura, California, and currently with Integrity Wealth Advisors, you may be concerned about recent developments. Haselkorn & Thibaut, a respected national securities fraud law firm, has launched an investigation into this financial advisor and his recent employment termination. Investors who have worked with Stephen Wagner or have concerns regarding their accounts are encouraged to get a free, confidential consultation by calling 1-888-885-7162.
Who is Stephen Wagner?
Stephen Wagner is a veteran financial advisor based in Ventura, California, with over 33 years of securities industry experience. His career history includes significant time at two major brokerage firms:
- LPL Financial (former registration)
- TransAmerica Financial Advisors (prior registration)
- Currently: Integrity Wealth Advisors
Wagner has passed several securities industry qualifying exams, including the SIE, Series 7, Series 6, Series 63, and Series 24. He is currently licensed in California and Texas.
Recent Employment Termination (LPL Financial)
A key recent development is the termination of Stephen Wagner from LPL Financial in December 2025. According to public records and regulatory filings:
- LPL Financial’s records state he was terminated for executing transactions in low-priced securities.
- No further details or context are provided in the disclosure.
This kind of disclosure is important for investors, as transactions involving low-priced securities (sometimes referred to as “penny stocks”) are often scrutinized due to heightened risks, including potential for fraud and market manipulation.
Summary Table: Stephen Wagner Profile
| Field | Value |
|---|---|
| Advisor Name | Stephen Wagner |
| CRD Number | 2193508 |
| Former Broker-Dealer | LPL Financial |
| Current RIA | Integrity Wealth Advisors |
| Location | Ventura, California |
| Licenses | CA, TX |
| Years in Industry | 33 |
Complaints & Disclosures: Investor Concerns
While public records and BrokerCheck do not show recent customer arbitration awards or regulatory actions, Stephen Wagner’s background does include several customer complaints related to investment suitability:
-
2014 Investor Complaint (TransAmerica Financial Advisors):
- Allegation: Recommended unsuitable investments, resulting in losses of $80,000.
- Status: Firm denied the complaint; no compensation paid to the investor.
-
2010 Investor Complaint (TransAmerica Financial Advisors):
- Allegation: Recommended unsuitable stock investments.
- Status: Complaint settled for $8,000.
-
2001 Investor Complaint (TransAmerica Financial Advisors):
- Allegation: Recommended unsuitable mutual fund investments; damages of $50,000 alleged.
- Status: Denied by the firm; no compensation paid.
It is important to note that an allegation or complaint does not mean the advisor was found at fault. However, a pattern of suitability complaints may raise reasonable investor concerns.
Regulatory and Litigation Review
Based on recent and comprehensive searches through the following sources, here is a summary of findings for Stephen Wagner (CRD# 2193508):
- FINRA BrokerCheck profile indicates:
- No regulatory actions, fines, suspensions, or disciplinary bars.
- No pending customer arbitration claims or arbitration awards.
- SEC Enforcement Records:
- No SEC administrative proceedings, cease-and-desist orders, or litigation.
- Federal & State Public Court Records:
- No federal or state civil lawsuits, liens, judgments, or bankruptcies recorded.
What Should Investors Do?
If you are a client or former client of Stephen Wagner—or if you invested in any low-priced securities under his recommendation—you may have questions about the recent termination from LPL Financial and past suitability allegations. Even if your accounts appear unaffected, it can be reassuring to have an experienced advocate review your portfolio and transaction history.
Red Flags to Watch For:
- Unexplained account losses
- Investments in high-risk, low-priced, or illiquid securities
- Lack of clarity or documentation around investment recommendations
- Unresolved complaints, allegations of unsuitable advice
Every investor deserves confidence and transparency in their financial relationships. While no final regulatory discipline exists for Wagner, the combination of his recent termination reason and multiple prior customer complaints may warrant a closer look for those investors who have worked with him.
Haselkorn & Thibaut: Experienced Securities Attorneys
Haselkorn & Thibaut (investmentfraudlawyers.com) has a 98% success rate and over $100 million recovered for clients nationwide. With over half a century of combined experience, our attorneys focus exclusively on representing investors in claims against advisors and broker-dealers.
- No recovery, no fee.
- National representation, all claims handled confidentially.
- Flat fee consultations: Free and no obligation.
Get Your Free, Confidential Case Review
If you have concerns about your investments with Stephen Wagner, LPL Financial, or Integrity Wealth Advisors—or if you have suffered unexpected investment losses—contact Haselkorn & Thibaut today at 1-888-885-7162. Our team is ready to answer your questions, review your investment portfolio, and discuss your options for potential recovery.
Taking action now could help you recover losses and protect your financial future. Even if you are uncertain whether you have a valid claim, a conversation with our attorneys is always private, professional, and at no cost to you.
Contact Haselkorn & Thibaut at 1-888-885-7162 for your free case evaluation today.
