Haselkorn & Thibaut has opened an investigation into Mitch Arnold, a Lake Mary, Florida financial advisor and broker registered with LPL Financial. If you are an investor who has worked with Mitch Arnold and are concerned about your investments, understanding the facts about his professional background—as well as any reported investor complaints—is essential. Our team at Haselkorn & Thibaut (investmentfraudlawyers.com) brings over 50 years of experience in helping investors nationwide, with a 98% success rate and a “no recovery, no fee” promise.
Who is Mitch Arnold of Lake Mary, FL at LPL Financial?
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Mitch Arnold (CRD# 1721111) has been a registered broker and investment advisor for over 38 years. Based in Lake Mary, Florida, he is affiliated with LPL Financial and operates as Financial Services of Central Florida. His experience spans a number of brokerage firms and advisory roles, establishing a long track record in the financial industry. Arnold has been with LPL Financial since 2006 as a broker and since 2007 as an investment advisor.
Professional Credentials
- Years of Experience: 38
- Current Firm: LPL Financial (doing business as Financial Services of Central Florida)
- Licenses:
- Securities Industry Essentials (SIE)
- General Securities Representative (Series 7)
- Investment Company Products/Variable Contracts Representative (Series 6)
- Direct Participation Programs Representative (Series 22)
- General Securities Principal (Series 24)
- Uniform Securities Agent State Law (Series 63)
- State Licenses: Arizona, California, Florida, Georgia, Illinois, Indiana, Kentucky, Nevada, New York, North Carolina, Ohio, South Carolina, Tennessee, Texas
- Previous Firms: Raymond James Financial Services, FSC Securities, Pension Investors Securities Corporation
Investor Complaints: Red Flags for Mitch Arnold and LPL Financial
| Date Filed | Status | Allegation | Claimed Damages | Arnold’s Response |
|---|---|---|---|---|
| January 2026 | Pending |
|
$400,000 | Denies wrongdoing; asserts recommendations were suitable and made with customers’ best interests in mind after their review of all documentation. |
According to FINRA’s record for Mitch Arnold (CRD# 1721111), this is the only known investor complaint as of March 7, 2026. The complaint remains pending, and Arnold’s disclosure response states that he denies any wrongdoing and stands by the suitability of his recommendations. If you wish to verify current regulatory status, you can search FINRA BrokerCheck using his name or CRD number.
Understanding Suitability and Transparency Risks
Investors may be exposed to significant risk when recommended complex or non-traded products, particularly if the suitability for your personal situation is unclear or if material risks—such as tax implications—are not fully explained. Common issues that may be associated with complex products include:
- Lack of Liquidity: Non-traded products can be difficult to sell or may lock up your funds for extended periods.
- Transparency Issues: Non-public, non-transparent instruments often come with higher risks or fees not readily apparent at purchase.
- Tax Consequences: Rolling over annuities or similar products can create tax burdens if not handled or disclosed properly.
- Suitability Concerns: Recommendations that do not match a client’s objectives, time horizon, or risk tolerance may result in unnecessary losses or legal liability for the advisor.
How to Protect Yourself as an Investor
When working with a financial professional like Mitch Arnold, it is prudent to:
- Regularly review your account statements and trade confirmations for investments you do not understand.
- Ask detailed questions about any recommendation, especially regarding fees, liquidity, and risks.
- Document communications and advice you receive, particularly concerning rollovers or tax-sensitive strategies.
- Check your advisor’s record for disclosures and complaints via reputable sources like FINRA BrokerCheck.
Key Takeaways: Mitch Arnold, LPL Financial, and Your Rights
- Mitch Arnold of Lake Mary, Florida, is currently subject to a pending, substantial complaint regarding non-traded products and lack of disclosure about tax implications.
- He maintains that all recommendations were made in good faith and were suitable for his clients.
- As an investor, it’s critical to understand both the advisor’s professional background and the nature of any complaints or concerns filed by other investors.
How Haselkorn & Thibaut Can Help
At Haselkorn & Thibaut, we are currently investigating Mitch Arnold and his practices at LPL Financial. If you have suffered investment losses or have reservations about advice you received from him or any other advisor, our experienced attorneys are here to help. There is no cost unless we recover money for you.
Contact Haselkorn & Thibaut for a Free, Confidential Consultation:
- Call us at 1 888-885-7162 today to speak directly with one of our securities attorneys.
- Or, visit us at investmentfraudlawyers.com to request your free case review.
With over 50 years’ collective experience and millions recovered on behalf of clients, Haselkorn & Thibaut stands ready to pursue your best interests. Our national presence ensures that no matter where you are located, you can access top-tier legal counseling for your investment loss concerns. Don’t wait until your options are limited—contact us today to explore how we can assist you.
