As the saying goes, “where there’s smoke, there’s fire.” In the world of investments, this smoke often takes the form of allegations of fraud or misconduct. And when it comes to the recent allegations against Scott Bremus and LPL Financial LLC, there’s enough smoke to warrant serious attention.
The Allegation at a Glance
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In a nutshell, Bremus is accused of participating in a private securities transaction without providing prior written notice to his member firm, LPL Financial LLC. The transaction involved two of his firm’s customers – a married couple – and a third party company. Bremus is said to have facilitated a discussion between the couple and a registered representative regarding an investment in the company. The couple entered into a $300,000 promissory note with the company, and Bremus is alleged to have facilitated the transfer of $300,000 from the couple’s firm accounts to the company.
Red Flags of Investment Fraud
- Undisclosed transactions: If an advisor is involved in transactions that they haven’t disclosed to their firm, that’s a major red flag.
- Unauthorized transfers: Transferring money from a client’s account without their explicit approval is another warning sign.
- False attestations: If an advisor falsely attests that they didn’t participate in a transaction, that’s a cause for concern.
These are just a few of the red flags that can indicate investment fraud. It’s important for investors to stay vigilant and question any suspicious activity.
What’s Next?
Now that the allegations have come to light, Haselkorn & Thibaut, a national investment fraud law firm, is investigating the matter. With offices in Florida, New York, North Carolina, Arizona, and Texas, Haselkorn & Thibaut has over 50 years of experience in the field. They’ve successfully recovered financial losses for investors with a 98% success rate. If you’re a client of Bremus or LPL Financial LLC, you can reach out to Haselkorn & Thibaut for a free consultation at 1-800-856-3352. They operate on a “No Recovery, No Fee” policy, which means you won’t be charged until they recover your losses.
FINRA Arbitration: A Path to Recovery
For investors who’ve suffered losses due to investment fraud, FINRA Arbitration can be a viable path to recovery. It’s a process that allows investors to resolve disputes with brokers and brokerage firms. With the help of experienced law firms like Haselkorn & Thibaut, investors can navigate the arbitration process and potentially recover their losses.
In the end, the seriousness of the allegations against Bremus and LPL Financial LLC cannot be understated. It’s a stark reminder of the need for transparency and accountability in the investment world. And for those who’ve been affected, it’s a call to action to seek justice and recovery.
