It’s no minor matter when a customer dispute arises, especially when it revolves around a significant investment that allegedly didn’t align with the client’s objectives or risk tolerance. This is the situation currently under investigation involving Jeffrey Karp and LPL FINANCIAL LLC. The allegation is serious, and it’s crucial to understand the gravity of the situation.
The Allegation in Layman’s Terms
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The customer alleges that an investment she made back in March 2014, which subsequently lost value in 2023, was not suitable for her. She claims that the investment, made through a different company, did not match her objective or risk tolerance. The loss she is alleging amounts to a whopping $150,000. To put it simply, she’s accusing her advisor of making a poor investment decision on her behalf, one that didn’t meet her financial goals or risk comfort level.
However, Jeffrey Karp and LPL FINANCIAL LLC refute these allegations, stating the investment was exactly what the client wanted. They argue that it represented a minor portion of the client’s large portfolio and high net worth, and it paid among the highest dividends available in the market, over 7% annually. They further claim that the client sold the investment at a low price after it went public, long after she left LPL, and that all risks were disclosed to her upfront.
Haselkorn & Thibaut Stepping In
Haselkorn & Thibaut, a national investment fraud law firm, is currently investigating this matter. With offices in Florida, New York, North Carolina, Arizona, and Texas, they are well-positioned to help investors recover losses. Their reputation is built on over 50 years of experience, successful financial recoveries for investors, and a staggering 98% success rate.
- Over 50 years of experience
- Successful financial recoveries for investors
- 98% success rate
They are offering a free consultation to clients who may have been affected by this situation. You can reach them at 1-800-856-3352. Their policy is clear: “No Recovery, No Fee”. If they don’t win your case, you don’t pay a dime.
FINRA Arbitration: A Path to Recovery
It’s worth noting that FINRA Arbitration can be a viable avenue for investors seeking to recover losses. This process allows investors to resolve disputes with brokers and brokerage firms. The arbitration process is typically faster and less expensive than litigation, and it can result in the recovery of lost funds.
In conclusion, while the allegations against Jeffrey Karp and LPL FINANCIAL LLC are serious, there are avenues of help available. Firms like Haselkorn & Thibaut exist to assist investors in navigating these tricky situations and seeking the recovery of their losses. It’s crucial to remember that help is available, and investors are not alone in these challenging circumstances.
