Charles Fackrell Investigation Following Unauthorized Sales Charges

investment fraud attorneysCharles Caleb Fackrell Allegedly Converted Customer Funds and Sold Private Securities Offerings Away

Charles Caleb Fackrell, of Yadkin County, allegedly converted customer funds and sold away private securities offerings without the knowledge of his firm, LPL Financial, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC).

Fackrell, who was terminated by LPL on December 24, 2014, began his career in the securities industry in August 2007 when he became registered as a General Sales Representative with a FINRA member firm, where he remained until February 2008, according to the AWC. He began working for LPL in June of 2010, the AWC notes.

Charles Caleb Fackrell Barred for Failing to Comply with a FINRA Investigation, Also Facing Addition al Charges

On February 2, Yadkinville, North Carolina authorities served Fackrell with three warrants accusing him of fraudulently obtaining in excess of $300,000 from clients of his firm, Fackrell Trivette Wealth Management, according to Yadkinville police. Fackrell, 34, was charged in December with allegedly obtaining property by false pretense, according to local reports from Yadkinville.

Charles Caleb Fackrell also failed to comply with and provide documents and information relevant to FINRA’s investigation regarding his alleged conversion of customer funds, and charges that he sold away shares. In addition, FINRA Rules provides that, “[a] member, in the conduct of its business, shall observe high standards of commercial honor and just and equitable principles of trade.”

By failing to respond to FINRA’s request for documents and information, the AWC reports, Fackrell violated FINRA Rules. As a result of the aforementioned misconduct, Fackrell has been barred from associating with any FINRA member firm in any capacity, the AWC reports.

The Peiffer Rosca Wolf Investment Recovery Attorneys Often Represent Investors

The Peiffer Rosca Wolf investment recovery attorneys often represent investors who lose money as a result of investment misconduct. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of investment misconduct may contact the investment recovery attorneys at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1200 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.