Gary J. Chackman Barred From Securities Industry Due to Alleged Unsuitable Recommendations and Document Forgery

Gary J. Chackman was barred from the securities industry by the Financial Industry Regulatory Authority (“FINRA”) in connection with claims that Chackman recommended unsuitable transactions and falsified documents. Chackman recommended and effected unsuitable transactions in the accounts of some of his LPL Financial, Inc. customers by over-concentrating his customers’ assets in real estate investment trusts… Read more »

LPL Financial Sanctioned In Connection With Sale of Non-Traded REITs, Other Alternative Investments

LPL Financial LLC was recently sanctioned by securities regulators.  LPL Financial failed to implement an adequate supervisory system for the sale of alternative investments and also failed to have compliance or written supervisory procedures that were reasonably designed to achieve compliance with regulatory rules and state suitability requirements, according to the Financial Industry Regulatory Authority… Read more »