Investment fraud is a serious matter, and allegations of such can have severe implications. In this light, we’re diving into a pending customer dispute involving Matthew Engelau and LPL FINANCIAL LLC. The claimants allege that from January 2021 to February 2023, Engelau employed a trading strategy that resulted in losses in their accounts. So, what’s the story, why should you care, who’s got the expertise to dissect it, and how can this information benefit you? Let’s unpack this.
Understanding Investment Fraud Red Flags
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Investment fraud is a deceptive practice in the financial sector, involving the promotion of false information to manipulate investors, resulting in significant losses. It’s crucial to understand the red flags to protect your hard-earned money. They include:
- Unsolicited offers: Be wary of unsolicited investment offers, especially those promising high returns with little or no risk.
- Overly consistent returns: Legitimate investments fluctuate over time. Consistent profits, regardless of overall market conditions, can be a sign of fraud.
- Complex strategies: If you don’t understand an investment, it’s best to steer clear. Fraudsters often use complex strategies to confuse investors.
- Unregistered products: Investment products must be registered with the SEC. Unregistered products can often be a sign of fraud.
- Issues with paperwork: Errors or inconsistencies in account statements can indicate fraudulent activity.
The Allegation Simplified
In layman’s terms, the claimants are accusing Matthew Engelau of implementing a trading strategy that led to financial losses in their accounts. Engelau, a representative of LPL FINANCIAL LLC, denies these allegations, stating the strategies were suitable and within the claimants’ investment objectives. He attributes any losses to unforeseeable market fluctuations and asserts the claimants were fully aware of the associated risks.
Haselkorn & Thibaut Steps In
Haselkorn & Thibaut, a national investment fraud law firm with a notable track record, is investigating the advisor and company. With offices in Florida, New York, North Carolina, Arizona, and Texas, they boast over 50 years of experience and a 98% success rate. They’re offering a free consultation to clients, which can be accessed by calling 1-800-856-3352. What’s more, their “No Recovery, No Fee” policy ensures you don’t pay unless they secure a financial recovery for you.
FINRA Arbitration: A Lifeline for Investors
For investors who’ve suffered losses, there’s hope. The Financial Industry Regulatory Authority (FINRA) arbitration process can help recover losses. This dispute resolution process is quicker and less formal than traditional litigation, making it an attractive option for many investors.
Investment fraud allegations are a serious matter, but with the right knowledge and assistance, investors can navigate these murky waters. If you’re in a similar situation, don’t hesitate to reach out to Haselkorn & Thibaut for expert advice and guidance.
