LPL Financial—Unsuitable REIT Sales

investment fraud lawyers

LPL Financial Sanctioned for Allegedly Recommending Unsuitable REITs to Elderly Clients in New Hampshire LPL Financial allegedly made unsuitable sales of real estate investments to elderly clients, including an 81-year-old investor who lost a substantial amount on the product, according to reports from New Hampshire. The aforementioned octogenarian reportedly bought a nontraded REIT from LPL… Read more »

LPL Financial Sanctioned by Regulators in Connection with Its Sales of Variable Annuities

Cleveland stockbroker fraud attorney

LPL Financial, an investment firm, was charged with failing to retain appropriate books and records which documented variable annuity exchanges, or 1035 exchanges, as per the firm’s BrokerCheck profile. They were ordered to pay a $2 million fine as well as $820,000 in restitution. The Peiffer Wolf law firm’s securities practice attorneys Jason Kane and… Read more »