Haselkorn & Thibaut, P.A., operating as Investment Fraud Lawyers, has initiated an independent investigation into the conduct of Andrew Martz (CRD 5118326), a registered financial advisor based in Southlake, TX, and currently employed by LPL Financial LLC. If you or a loved one invested with Andrew Martz and experienced losses, you may be entitled to recover those funds. Our attorneys, with decades of former Wall Street defense experience, are actively evaluating potential claims. Contact us now for a confidential, no-cost consultation at 1-888-885-7162.
For those concerned about their investment portfolios or retirement assets, understanding a broker’s background is crucial. We believe that proactively sharing our insider knowledge helps level the playing field for investors who may have been wronged.
Who Is Andrew Martz?
Name: Andrew Martz
CRD Number: 5118326
BrokerCheck Profile: https://brokercheck.finra.org/individual/summary/5118326
City & State: Southlake, TX
Current Employer: LPL Financial LLC
Business Affiliations: WIS Advisors Inc., NEXA Partners, insurance agent (non-variable insurance)
Prior Firms:
– Western International Securities, Inc. (2017–2025)
– J.P. Morgan Securities LLC (2012–2017)
– Chase Investment Services Corp. (2008–2012)
– First Investors Corporation (2007–2008)
– Laidlaw & Company (UK) Ltd. (2006–2007)
Regulatory Status: Registered Broker/Advisor, Insurance Agent
Why Has an Investigation Been Opened Into Andrew Martz?
Our firm performs ongoing background reviews of financial advisors to alert investors about potential risks and red flags. In the case of Andrew Martz of LPL Financial LLC, we are closely analyzing his record, recent customer complaints, and key regulatory filings. We make this information public so that investors can make more informed decisions about pursuing financial recovery.
Summary of Complaints and Red Flags
Based on our research, including FINRA BrokerCheck and regulatory reviews, here is an overview of specific complaints and notable disclosures involving Andrew Martz:
1. 2026 Customer Settlement ($50,000)
What Happened: In April 2026, during Martz’s time at LPL Financial LLC, a customer alleged that Martz violated SEC Regulation Best Interest (Reg BI) while recommending corporate bond investments. The client was paid $50,000 in settlement, with Martz personally contributing $10,000.
Key Issues:
– Reg BI violation, which requires brokers to act in the client’s best interest
– Possible breach of FINRA Rule 2111 (Suitability), requiring recommendations to fit the client’s profile
2. 2014 Misrepresentation Complaint (Variable Annuity)
What Happened: A client of J.P. Morgan Securities alleged that Martz misrepresented material facts about a variable annuity investment. The claim sought $26,000 in damages but was denied by the firm, and no subsequent FINRA arbitration was filed.
Key Issues:
– Possible breach of FINRA Rule 2020, concerning misrepresentation
– Possible breach of FINRA Rule 2010, concerning ethical standards
3. Other Regulatory or Legal Review (as of May 2026)
– No reported SEC enforcement actions, bars, or administrative proceedings against Andrew Martz
– No customer-initiated FINRA arbitrations currently listed
– No bankruptcies, liens, judgments, or major disclosures reported
– No public press or litigation findings apart from the items noted above
Relevant Rules and Violations
– SEC Regulation Best Interest (Reg BI, Rule 15l-1): Brokers must prioritize their client’s best interests above their own.
– FINRA Rule 2111 (Suitability): Requires that investment recommendations align with the client’s financial situation and objectives.
– FINRA Rule 2020 and Rule 2010: Govern fair, honest, and ethical conduct and prohibit misrepresentation or misleading statements.
If you suspect your advisor violated these rules, take action. Our track record pursuing claims involving LPL Financial and other major broker-dealers may support your recovery efforts.
How to Seek Recovery of Your Losses
Our attorneys represent investors Nationwide-investor-losses/”>Nationwide-investor-losses/”>Nationwide who have suffered financial losses because of advisor misconduct, negligence, or investment fraud. Under our no recovery, no fee commitment, you pay nothing unless we recover funds for you.
Our 98% success rate across hundreds of cases, work on more than $520 million in securities matters, and 95+ years of combined experience distinguish our advocacy. Recognized as Super Lawyers, among the top 2% peer-reviewed by Martindale-Hubbell AV Preeminent, and backed by 5.0-star client reviews, we know how to pursue claims strategically, especially those involving LPL Financial and Andrew Martz.
You may wish to contact us if:
– You lost money in corporate bonds, annuities, or other investments
– You were advised by Andrew Martz or another LPL broker
– You are concerned your portfolio was not suitable for your needs
We understand the frustration and stress of investment losses. Let our former Wall Street defense experience work to your advantage.
What to Expect: FINRA Arbitration Process
– Complimentary, no-obligation consultation with an attorney
– Case evaluation to assess potential suitability or Reg BI violations
– Strategic representation throughout FINRA arbitration, the most common forum for investor claims
– No attorney’s fees unless there is a recovery
Do not wait. Time limits may apply to your ability to pursue a claim. Contact our team today at 1-888-885-7162 or reach us online. Our attorneys will confidentially review your situation and advise whether you may qualify to recover funds from Andrew Martz, LPL Financial, or any associated entities.
You are not alone in this fight. Let our firm’s experience and insider perspective support your pursuit of financial recovery.
