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 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 »