Haselkorn & Thibaut Initiates Investigation: Andrew Edward Laino, LPL Enterprise, LLC – Sarasota, FL
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Are you an investor concerned about your portfolio managed by Andrew Edward Laino (CRD#: 4174745) of LPL Enterprise, LLC in Sarasota, Florida? Haselkorn & Thibaut, a national securities fraud law firm with over 50 years of experience and a 98% success rate, is now conducting an investigation focused on Andrew Laino’s activities as a financial advisor.
If you’ve recently discovered unexplained losses or have questions about transactions recommended or executed by Mr. Laino, you are not alone. Many investors are taking proactive steps to review their accounts and safeguard their financial well-being.
Who is Andrew Edward Laino?
Andrew Edward Laino is a registered financial advisor based in Sarasota, FL, currently working with LPL Enterprise, LLC at 1605 Main Street, #1004, Sarasota, FL 34236. With a career spanning over two decades, Laino has held positions with other prominent broker-dealers, including Pruco Securities, LLC and Prudential Financial Planning Services from 2000 to 2024.
In addition to his main role, Mr. Laino owns Laino & Associates Financial Group, Inc. and operates under the DBA Wealth Protection Strategies for his LPL practice. He is professionally licensed with 32 U.S. states and has passed the Series 7, SIE, and 66 exams.
Red Flags and Regulatory Disclosures
Transparency is essential when entrusting your investments to a financial advisor. Below is a clear, factual summary of complaints and regulatory actions related to Andrew Edward Laino:
| Date | Nature of Complaint / Regulatory Action | Details & Outcome |
|---|---|---|
| January 2011 | Florida Securities Regulator Fine | Fined $250 for deficiencies related to continuing education credits. |
| April 2025 | Customer Complaint: Unsuitable Fixed Annuity | Customer of Pruco Securities, LLC alleged a fixed annuity recommendation was not suitable. The firm reviewed and denied the complaint on May 2, 2025. No damages specified. Customer did not pursue further. |
- Only one customer complaint has been disclosed, focusing on product suitability (specifically, a fixed annuity).
- Regulatory action taken involved a minor fine related to mandatory education credits, not investment misconduct.
While the formal record is currently limited, these disclosures are important for investors who value due diligence, especially regarding product recommendations and compliance with best practices.
Potential Areas of Concern for Investors
- Product Suitability: The single customer complaint alleged that a fixed annuity was not appropriate for their needs. Although the matter was closed without action, suitability is a core investor protection requirement.
- Regulatory Sanction: The 2011 fine, even for a technical issue, is notable and may merit clarification from your advisor.
- Best Interest Rule (Reg BI): Advisors must recommend investments in the best interest of their retail clients. Questions about suitability may implicate broader obligations under FINRA Rule 2111 and SEC Regulation Best Interest.
Investors should not hesitate to ask for a detailed explanation of recommendations and any recent regulatory actions.
How to Verify Your Advisor’s Regulatory Record
Vigilant investors can do independent research by checking FINRA BrokerCheck. Simply enter “Andrew Edward Laino” or CRD# 4174745 to review:
- Employment history
- Disclosures (complaints, regulatory events, terminations)
- Licensing status
Public records, SEC actions, state regulator websites, and news media searches can provide a more complete picture of any history. If you encounter records you don’t understand or find concerning, seeking a professional interpretation can clarify your options.
Should You Be Worried as an Investor?
Not all regulatory actions or client complaints indicate wrongdoing. However, they serve as opportunities to ask questions and review the handling of your portfolio. If you’ve experienced unexpected losses, unsuitable investment recommendations, or lack of communication from Andrew Laino or his firm, it’s prudent to take action.
Investors that suspect mishandling or unsuitability in their accounts have several ways to pursue recovery, including FINRA arbitration.
Get a Free Review from Haselkorn & Thibaut
Haselkorn & Thibaut is a leading national law firm representing investors nationwide in claims of investment fraud, negligence, and unsuitable recommendations. With millions recovered and tens of thousands of investors represented, their team will provide a complimentary, confidential portfolio review.
Are you concerned about your investments with Andrew Edward Laino at LPL Enterprise, LLC?
Call Haselkorn & Thibaut now at 1-888-994-8066 for your free consultation.
- No obligation – free initial case review.
- No recovery, no fee – you pay nothing unless they help recover your losses.
- 98% success rate – trusted by investors across the country.
If you believe your investments were improperly handled by Andrew Laino or simply want a second opinion on your portfolio’s risk, contact Haselkorn & Thibaut today. Empower yourself with the facts and take control of your financial future.
