William Bernard Tunink – LPL Financial, West Des Moines, IA: Investigation, Complaints & Investor Guidance
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Haselkorn & Thibaut, a leading national investment fraud law firm with over 50 years of experience and a 98% success rate, has initiated an independent investigation into William Bernard Tunink (CRD# 2738224), a financial advisor currently registered with LPL Financial LLC in West Des Moines, Iowa. Our goal is to help investors stay informed, understand critical red flags, and know their options regarding potential losses. If you believe you may have experienced issues with your investment accounts managed by William B. Tunink, this report will provide you with the facts you need.
Who Is William Bernard Tunink?
| Advisor’s Name | William Bernard Tunink |
|---|---|
| CRD Number | 2738224 |
| Current Employer | LPL Financial LLC |
| Primary Business Location | 1011 Office Park Road, Suite 8, West Des Moines, IA 50265 |
| Registered Since | October 2021 with LPL Financial |
| Prior Employment | Avantax Advisory Services (01/1999–11/2021); Avantax Investment Services, Inc. (06/1996–11/2021) |
| Licenses & Exams | SIE, Series 7, Series 6, Series 63 |
| States Registered | 18 U.S. states/territories |
| Other Affiliations | A&C Tax and Bookkeeping (DBA Tunink Murray Financial Group) |
Complaints and Investigations Involving William B. Tunink
Investors value transparency and trust when engaging with a financial advisor. That’s why it’s important to be aware of any publicly disclosed complaints, customer disputes, or settlements that could impact your decision-making. Here’s a complete summary of known customer complaints and material disclosures related to William Bernard Tunink:
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August 2025 Settlement – Borrowing from a Customer:
- A customer filed a dispute, alleging that Mr. Tunink borrowed $140,000 from them, which was not repaid.
- The matter was resolved via a settlement in August 2025 for $130,600.
- This conduct is governed by FINRA Rule 3240, which restricts loans between registered representatives and clients without prior firm approval and other strict conditions.
- Such arrangements present a clear conflict of interest and are considered a serious red flag by industry standards, given the potential for misuse of client trust.
Summary Table: Complaints and Material Events
| Date | Party Involved | Nature of Allegation | Outcome / Settlement |
|---|---|---|---|
| August 2025 | Customer (LPL Financial LLC) | Advisor allegedly borrowed $140,000 from a customer and failed to repay. | Settled for $130,600 |
For a complete list of registrations and disclosures, investors can verify details using FINRA’s official BrokerCheck tool.
Red Flags for Investors to Watch For
- Brokers Borrowing Money from Clients: Industry rules generally prohibit or severely restrict personal loans from clients. If your advisor requests such an arrangement, treat it as a significant warning sign, as it breaches fiduciary norms and creates a direct conflict of interest.
- Lack of Timely Repayment: Delays or failure to repay client loans may indicate potential mishandling of client relationships, professional judgment issues, or financial distress.
- Undisclosed Conflicts of Interest: Any personal or business relationship that is not properly disclosed could compromise the objectivity of investment advice.
- Customer Complaints or Regulatory Action: Material disclosures, complaints, and settlements are public for a reason—investors should take them seriously when assessing the risk involved in working with an individual advisor.
Understanding FINRA Rule 3240 and Why It Matters
FINRA Rule 3240 is in place to protect investors from undue risk related to lending arrangements between customers and their brokers. Such loans must be requested and approved in writing by the broker-dealer, and specific conditions apply. Violations may expose both the investor and the advisor to unnecessary risks and repercussions. In the situation involving Mr. Tunink, the settlement underscores the importance of these rules.
What Should Investors Do Next?
- Review Your Accounts: If you worked with William Bernard Tunink, carefully review your account history for unexplained withdrawals, unusual lending or borrowing arrangements, or other potential irregularities.
- Document All Correspondence: Save all written records, emails, notes, and agreements relating to your financial accounts and any arrangements made with your advisor.
- Seek an Independent Review: Even if you haven’t noticed specific issues, consider contacting an experienced professional to review your portfolio and account statements.
How Haselkorn & Thibaut Can Help You
Haselkorn & Thibaut offers complimentary, confidential consultations for investors who have questions or concerns about accounts managed by William B. Tunink or LPL Financial LLC. Our seasoned attorneys have helped recover millions of dollars for clients nationwide, and operate on a “no recovery, no fee” basis: you pay nothing unless we are successful in your case.
- 50+ years of securities law experience
- 98% success rate in resolving investor claims
- Representation of clients in all 50 states
- Direct, attorney-client access; your case is not handed off to paralegals or unlicensed staff
- Complimentary portfolio/account reviews
If you have suffered a loss, have concerns about potential loan arrangements, or simply want to better understand your rights, contact Haselkorn & Thibaut today at 1-888-994-8066 for your free consultation. Our team is here to answer your questions, help you understand your next steps, and provide honest, experienced guidance when you need it most.
Why Timely Action Matters
Don’t delay getting help. Securities claims and disputes—including those involving improper borrowing, failure to repay loans, or other misconduct—are subject to strict statutes of limitation. The sooner you seek an evaluation, the stronger your position may be to recover any monies lost.
Next Steps for Concerned Investors
- Call Haselkorn & Thibaut now at 1-888-994-8066
- Request a complimentary, no-obligation case evaluation
- Protect your finances, confidence, and future with seasoned legal support on your side
Remember, you do not have to go through this process alone. If you have any doubts, reach out to Haselkorn & Thibaut—your concerns will be handled with empathy, attention, and professionalism.
