Haselkorn & Thibaut Launches Investigation into Earl Newsome – LPL Financial Advisor, Spring, Texas
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Haselkorn & Thibaut, a national securities fraud law firm with over 50 years of experience, a 98% success rate, and millions recovered for clients, has opened an independent investigation into investor complaints involving Earl Newsome (CRD# 2436856), currently registered with LPL Financial in Spring, Texas, and formerly affiliated with NEXT Financial Group. Our team is dedicated to assisting investors who have concerns regarding losses or suitability of investments recommended by Mr. Newsome. If you are seeking clarity or believe you have been impacted, please review the following detailed background and contact us at 1-888-994-8066 for a free consultation—no recovery, no fee.
About Earl Newsome – Experience & Licenses
Earl Newsome is a seasoned financial advisor with over three decades of experience in the securities industry. As of October 2025, he is registered as both a broker and investment advisor with LPL Financial. His prior affiliations include roles at NEXT Financial Group, 1717 Capital Management Company, Wealth Development Strategies Investment Advisory, and Royal Alliance Associates.
Key Qualifications:
- 31 years of industry experience
- Successfully passed the SIE, Series 63, and Series 7 exams
- Licensed in Alabama, Colorado, Georgia, Illinois, Kentucky, New Jersey, North Carolina, Texas, Washington, and Wisconsin
For real-time registration status, you may view Earl Newsome’s official FINRA BrokerCheck profile.
Red Flags: Investor Complaints and Regulatory History
As a potential or current investor, it’s critical to be informed about an advisor’s public record. Below is a comprehensive summary of all known disclosures, focusing on specific investor complaints and regulatory findings—key signals that warrant caution or additional due diligence.
Customer Complaints and Disclosures
| Year Filed | Capacity | Allegation | Status/Resolution | Alleged Damages |
|---|---|---|---|---|
| 2025 (Pending) | Representative of NEXT Financial Group | Recommendation of unsuitable and “poorly designed” indexed universal life insurance policies | Pending | $198,000 |
| 2008 | 1717 Capital Management | Misrepresentation of material facts related to an insurance policy | Withdrawn | Unspecified |
| 2004-2005 | 1717 Capital Mgmt/Royal Alliance Assoc. | Unsuitable life insurance policy, unsuitable investment advice | Settled ($92,500); Statement included that there was no intentional or deliberate misconduct | $92,500 |
| 2018-2019 | Representative of NEXT Financial Group | Alleged unsuitable equity recommendations and failure to supervise | Settled in 2019 for $75,000, no admission of wrongdoing | $75,000 |
- Total Complaints Settled or Alleged: Four major incidents spanning 2004–2025 with alleged or paid damages exceeding $365,000 (excluding the pending complaint, which could increase this figure).
- Current Complaint: The most recent (2025) investor complaint is for $198,000, specifically alleging unsuitable insurance product sales while at NEXT Financial Group — this is pending as of October 2025.
Regulatory Findings: FINRA, SEC, and State Reviews
- No FINRA Disciplinary Actions: Mr. Newsome has never been fined, suspended, or sanctioned by FINRA. There are no current open FINRA arbitrations against him.
- No SEC Enforcement Actions: There are no federal Securities and Exchange Commission investigations, subpoenas, or orders implicating Mr. Newsome.
- No State Regulatory Sanctions: Neither the Texas State Securities Board nor other state bodies show any administrative or disciplinary actions.
- No Personal Civil Litigation: PACER and state dockets reveal no personal lawsuits by investors or government agencies.
What Should Investors Consider?
Working with any financial advisor requires transparency, trust, and a clear understanding of product recommendations. While Earl Newsome demonstrates longevity in the industry, the number and type of customer disputes — especially those involving suitability concerns and high-dollar insurance products — underscore the importance of careful review and proactive measures if you’ve experienced losses.
Potential Red Flags Include:
- Multiple investor complaints involving suitability and alleged misrepresentation
- Settlements paid to resolve disputes, sometimes confidentially, with no finding of intent — but with substantial sums at stake
- Pending high-dollar claims specific to insurance products, which may be ill-suited for your portfolio
How Haselkorn & Thibaut Can Help
Haselkorn & Thibaut is currently investigating claims involving Earl Newsome and comparable investment professionals nationwide. Our attorneys are available for a free, confidential case review to determine whether you could recover investment losses due to unsuitable recommendations or disclosures. There is never a fee unless you recover.
- Free Consultation – Review your case with an attorney (call 1-888-994-8066)
- 98% Success Rate – Trusted firm with millions recovered
- Local and Nationwide Representation – Texas and across the U.S.
- Client-Focused, No Recovery No Fee
Next Steps for Concerned Investors
If you have questions about an account managed by Earl Newsome in Spring, Texas, or at any previous broker-dealer, reach out to the experienced attorneys at Haselkorn & Thibaut for a no-cost consultation. Prompt action can make a difference in your ability to pursue a claim and maximize potential recovery.
Call Haselkorn & Thibaut now at 1-888-994-8066 or visit InvestmentFraudLawyers.com for more information.
Your financial future is too important to leave to chance—knowledge is power. If you have concerns relating to Earl Newsome of LPL Financial, let us help you get answers and fight for what you deserve.
