Joseph A. Likens—Private Securities Transactions

California stockbroker fraud attorneyJoseph A. Likens Allegedly Engaged in Private Securities Transactions without Permission from LPL Financial

Have you invested your hard-earned cash with Joseph A. Likens, formerly of LPL Financial?

Likens allegedly engaged in the sales of private securities transactions without permission from LPL Financial, according to according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Alan Rosca and James Booker.

Likens, who worked at the Des Peres, Missouri branch of LPL Financial, previously worked with Merrill Lynch and also filed for bankruptcy in 2013, according to his FINRA BrokerCheck report.

The Peiffer Rosca Wolf securities lawyers are investigating Joseph A. Likens’ alleged private transactions without permission.

Joseph A. Likens Allegedly Failed to Respond to a FINRA Investigation; Likens Barred by FINRA

Joseph A. Likens allegedly received messages from FINRA Staff on September 20th and September 25th requesting that Likens appear for on-the-record testimony pursuant to FINRA Rules, according to the aforementioned AWC currently under review by attorneys Alan Rosca and James Booker.

Likens allegedly acknowledges that he received FINRA’s request and purportedly stated that he  would not appear for on-the record testimony at any time, and hence, violated FINRA Rules and has been barred by FINRA, the AWC reports.

One should also note that, according to the AWC, Joseph A. Likens neither admitted nor denied the FINRA findings.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged unauthorized transactions and are currently investigating Joseph A. Likens’ alleged private securities transactions without approval. 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 Joseph A. Likens’ alleged securities transactions without approval may contact the securities lawyers at the Cleveland office of Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via email at arosca@prwlegal.com (for Alan Rosca) or jbooker@prwlegal.com (for James Booker).

Alan Rosca (1203 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.