Background: Who is Kyle Critcher?
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Kyle Critcher worked as a registered broker and investment advisor in Fort Mill, SC. Most recently, he was affiliated with LPL Financial, but also held positions at Vanguard Marketing Corporation and W&S Brokerage Services. Over his three-year career, he completed five securities industry exams, including the SIE, Series 6TO, Series 7TO, Series 63, and Series 66.
Recent Regulatory Action: Suspension and Allegations
| Date | Regulator | Action | Summary |
|---|---|---|---|
| December 2025 | FINRA | Suspension & Fine |
Negligently misrepresented corporate bonds as FDIC-insured CDs to senior clients. Recommended $500,000+ in non-FDIC-insured investments against customer instructions. Sanctions: 3-month suspension, $5,000 fine. |
| 2024 | LPL Financial | Termination | Terminated for “Failure to follow customer instructions to purchase certificate of deposit.” |
Red Flags for Investors: What You Need to Know
- Product Misrepresentation: Allegedly misrepresented corporate bonds as FDIC-insured CDs, a fundamental difference carrying significant risk distinctions.
- Ignoring Client Instructions: Was reportedly terminated for failing to honor explicit requests from clients to purchase certificates of deposit, instead steering them into riskier products.
- Regulatory Sanctions: Suspended and fined by FINRA for actions violating high standards expected of industry professionals. This regulatory action also included a finding that he “should have known” the nature of the products being recommended.
- Impact on Senior Investors: The misrepresentation directly affected senior investors who had specific needs for conservative, FDIC-insured investments.
- No Current Registration: As of the most recent records, Kyle Critcher is not registered with any securities firm or state at this time.
Complete List of Disclosures and Complaints
As of June 2024:
- No public record of customer disputes, civil lawsuits, or arbitration claims against Kyle Critcher prior to the latest FINRA action.
- No prior regulatory, SEC, or DOJ investigations were listed for his CRD #7351555.
- No bankruptcy filings, tax liens, or financial judgments disclosed.
- The first major disclosure is the 2025 FINRA regulatory action and his termination from LPL Financial in 2024.
Disciplinary actions and terminations may not always be visible on public records immediately. Some claims—especially those involving smaller sums or non-public arbitrations—may never be listed. Always verify up-to-date information by visiting FINRA BrokerCheck and searching for “Kyle Critcher” or his CRD number.
Why Is This Important for Investors?
When working with a financial advisor, especially in retirement planning, accurate product representation is critical. Investments in non-insured products frequently carry more risk than clients realize. If you relied on assurances that were not met—or your specific investment instructions were ignored—you may have rights to seek recovery.
- Misleading clients about FDIC insurance undermines trust and puts retirement savings at unnecessary risk.
- Violations of securities regulations and industry ethics standards can form the basis for claims and potential financial recovery.
- If your advisor was suspended, terminated, or is no longer registered, it is wise to review your portfolio to identify whether you have been impacted.
How Can You Protect Yourself?
Haselkorn & Thibaut offers national representation to investors who suspect wrongdoing, negligence, or misrepresentation by advisors or brokerage firms. It is important to act promptly, as deadlines do apply on most securities arbitration cases.
- Request full documentation of your investments and review all statements for non-conforming or unexpected trades.
- Keep written records of your investment instructions to your advisor.
- Do not hesitate to seek a second, independent opinion if something does not look right.
What Should You Do Next?
If you were a client of Kyle Critcher or have accounts at LPL Financial and have concerns about your investment losses or how your funds were managed, Haselkorn & Thibaut is here to help. We are a national law firm focused exclusively on investment fraud and securities arbitration, not affiliated with any brokerage or advisor. Our firm operates with a “No Recovery, No Fee” promise and has the experience needed to guide investors through this process—successfully recovering millions for clients in similar cases.
Contact Haselkorn & Thibaut at 1-888-885-7162 for your complimentary and confidential case review today. Protect your retirement and take the first step toward potential recovery.
The situation involving Kyle Critcher (LPL Financial, Fort Mill, South Carolina) underscores the importance of vetting financial advisors for regulatory history. If you are unsure about your investments, do not wait—request a free consultation with one of our securities attorneys now.
