Investigation Opened into Frank Gomez of LPL Financial
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**Haselkorn & Thibaut has opened an investigation** into Fate, Texas financial advisor Frank Gomez (CRD# 6289883) following a significant investor complaint alleging nearly $400,000 in damages. If you’ve worked with Frank Gomez or Diligent Hands Wealth Management, understanding the details of this complaint and recognizing potential red flags could be crucial for protecting your investments.
Understanding the Recent Complaint Against Frank Gomez
The September 2025 complaint against Frank Gomez raises serious concerns that every investor should understand. **The allegations include:**
| Allegation Type | Details |
| Failure to Disclose | Material terms regarding annuity investments were allegedly not disclosed |
| Below-Market Loans | Affiliated entities allegedly took loans from the client at below-market rates |
| Alleged Damages | $395,869.90 |
These allegations suggest potential violations of **FINRA Rule 2020**, which prohibits financial advisors from making misrepresentations or omitting material information that investors need to make informed decisions. When advisors fail to disclose important details about investments, particularly complex products like annuities, investors can’t properly evaluate risks and make choices that align with their financial goals.
Red Flags Investors Should Watch For
The complaint against Frank Gomez highlights several warning signs that investors should monitor when working with any financial advisor:
• **Incomplete Disclosures**: If your advisor isn’t thoroughly explaining all terms, fees, and risks associated with an investment product, this could indicate a problem
• **Complex Products Without Clear Explanations**: Annuities can be complicated investments with various fees, surrender charges, and restrictions that must be fully disclosed
• **Conflicts of Interest**: Below-market loans between an advisor’s affiliated entities and clients can create serious conflicts that compromise the advisor’s ability to provide unbiased advice
• **Rushed Decisions**: Pressure to invest quickly without time to review all documentation and terms
Frank Gomez’s Professional Background
Understanding your advisor’s background helps you make informed decisions about your financial relationship. **Frank Gomez’s professional history includes:**
• **Nine years** of securities industry experience
• Currently registered with **LPL Financial** since 2021, operating as Diligent Hands Wealth Management
• Previously worked with BBVA Securities in Mesquite, Texas from 2016 to 2021
• Holds licenses in Florida, Indiana, and Texas
• Passed three securities examinations: SIE, Series 66, and Series 6
While passing industry exams demonstrates basic competency, **it doesn’t guarantee ethical behavior** or eliminate the possibility of misconduct. The pending complaint serves as a reminder that credentials alone don’t tell the complete story.
What This Means for Current and Former Clients
If you’re currently working with Frank Gomez or have investments through Diligent Hands Wealth Management, consider taking these steps:
**1. Review Your Account Statements**: Look for any transactions or investments you don’t fully understand
**2. Examine Your Annuity Contracts**: If you own annuities, ensure you understand all fees, surrender charges, and terms
**3. Document Everything**: Keep records of all communications, recommendations, and transactions
**4. Ask Questions**: Don’t hesitate to request clarification on any aspect of your investments
Understanding Your Rights as an Investor
**Investors have specific rights** when working with financial advisors, including:
• The right to receive complete and accurate information about investments
• The right to have conflicts of interest disclosed
• The right to receive advice that’s suitable for your financial situation and goals
• The right to seek recovery if you’ve suffered losses due to misconduct
The **$395,869.90 in alleged damages** in the complaint against Frank Gomez demonstrates that investment losses from advisor misconduct can be substantial. Understanding these rights empowers you to take action if something seems wrong.
Why Timing Matters
Investment fraud claims have **strict time limits** called statutes of limitations. Waiting too long to investigate potential misconduct or seek legal guidance could mean losing your right to recover losses. The sooner you act, the better positioned you’ll be to protect your interests and potentially recover damages.
How Haselkorn & Thibaut Can Help
With over **50 years of experience** and a **98% success rate**, Haselkorn & Thibaut has recovered millions for investors nationwide. Our team understands the complexities of securities fraud cases and works on a **no recovery, no fee basis**, meaning you don’t pay unless we successfully recover compensation for you.
If you’ve invested with Frank Gomez, LPL Financial, or Diligent Hands Wealth Management and have concerns about your investments or potential losses, don’t wait to seek guidance. Our experienced attorneys can review your situation, explain your options, and help you understand whether you may have a valid claim.
**Call Haselkorn & Thibaut today at 1-888-628-5590** for a free, confidential consultation. Let our decades of experience work for you in evaluating your situation and protecting your financial future. There’s no obligation to speak with us, but the information you gain could be invaluable in safeguarding your investments.
