Galvin Legal, PLLC is launching an investigation on behalf of investors who may have suffered losses investing with LPL Financial LLC. If you suffered losses investing with LPL Financial LLC, then Galvin Legal, PLLC may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.
LPL Financial LLC (CRD# 6413) (SEC# 801-10970, 8-17668)
As of April 4, 2020, LPL Financial LLC’s FINRA BrokerCheck Report contains the following:
176 Regulatory Event Disclosures
56 Arbitration Disclosures
4 Bond Disclosures
UPDATE 4/30/2020: LPL has agreed to purchase Lucia Securities, a broker-dealer and registered investment advisor firm headquartered in San Diego. The transaction is structured as an asset purchase agreement and is expected to close in the second half of 2020.
UPDATE 4/15/2020: LPL has restricted the purchase of eleven REITs: Bluerock Total Income+ Real Estate Fund, Griffin Institutional Access Real Estate Fund, Resource Real Estate Diversified Income Fund, Black Creek Industrial REIT, Blackstone REIT, CIM Income NAV REIT, RREEF Property Trust, Hines Global Income Trust, JLL Income Property Trust, Nuveen Global Cities REIT, and Starwood REIT.
UPDATE 5/12/17: LPL entered into a settlement with New Hampshire regulators in December 2015 after the regulator investigated the firm’s sales of REITs to seniors. LPL paid a $750,000 fine and offered to refund any New Hampshire client who was sold a non-traded REIT beginning in 2007 if the sale violated LPL’s guidelines or restrictions. LPL was required to hire a third-part to review its non-traded REIT sales to determine whether its guidelines were violated as part of the settlement. The review was recently completed and found that over 200 New Hampshire residents are eligible for total refunds of approximately $8 million (approximately $40,000 per client).
UPDATE 2/5/17: LPL was ordered to pay up to $3.7 million and restitution and finds to investors as a result of an investigation into sales of variable annuities by one if its former top-producing advisors, Roger Zullo.
Main Office Location
75 STATE STREET, 22ND FLOOR
BOSTON, MA 02109
75 STATE STREET, 22ND FLOOR
BOSTON, MA 02109
Business Telephone Number
Direct Owners and Executive Officers
LPL HOLDINGS, INC., MANAGING MEMBER
ARNOLD, DAN HOGAN JR (CRD#:2557410), PRESIDENT, CHIEF EXECUTIVE OFFICER AND DIRECTOR
AUDETTE, MATTHEW JON (CRD#:4003349), MANAGING DIRECTOR, CHIEF FINANCIAL OFFICER AND DIRECTOR
CALDER, TRACY ELLEN (CRD#:2611255), MANAGING DIRECTOR, CHIEF RISK OFFICER
ENYEDI, MATTHEW KLAUS (CRD#:4194266), MANAGING DIRECTOR, NATIONAL SALES
KALBAUGH, JOHN ANDREW (CRD#:1821773), MANAGING DIRECTOR AND DIVISIONAL PRESIDENT, NATIONAL SALES & CONSULTING
LARSEN, SALLIE REBECCA (CRD#:6061146), MANAGING DIRECTOR, CHIEF HUMAN CAPITAL OFFICER
O’NEILL, JOHN HUGH (CRD#:4970379), EXECUTIVE VICE PRESIDENT, CHIEF COMPLIANCE OFFICER, BROKERAGE
OROSCHAKOFF, MICHELLE (CRD#:2403199), MANAGING DIRECTOR, CHIEF LEGAL OFFICER AND DIRECTOR
PECHULIS, MATTHEW J (CRD#:6580835), SENIOR VICE PRESIDENT, ACCOUNTING AND PRINCIPAL FINANCIAL OFFICER
RING, KATHERINE DAILEY (CRD#:4934458), SENIOR VICE PRESIDENT, CHIEF COMPLIANCE OFFICER, ADVISORY
SEESE, SCOTT ALAN (CRD#:6831603), MANAGING DIRECTOR, CHIEF INFORMATION OFFICER
SEMERJIAN, DAYTON JOHN (CRD#:7079660), MANAGING DIRECTOR, CHIEF CUSTOMER CARE OFFICER
STEINMEIER, RICHARD C (CRD#:5109512), MANAGING DIRECTOR AND DIVISIONAL PRESIDENT, BUSINESS DEVELOPMENT
WALCHER, WILLIAM E (CRD#:2224860), SENIOR VICE PRESIDENT, TRADING AND PRINCIPAL OPERATIONS OFFICER
WHITE, GEORGE BURTON (CRD#:3057759), MANAGING DIRECTOR, INVESTOR & INVESTMENT SOLUTIONS
FINRA requires brokerage firms to conduct due diligence on investments and to conduct a suitability analysis when recommending securities to a customer that takes into account the customer’s knowledge and experience. Brokerage firms that fail to conduct adequate due diligence or that make unsuitable recommendations can be held responsible for the customer’s losses in a FINRA arbitration claim.
This information is all publicly available and is being provided to you by Galvin Legal, PLLC.
Galvin Legal, PLLC is a national securities arbitration, securities mediation, securities litigation, securities fraud, securities regulation and compliance, and investor protection law practice. For more information on Galvin Legal, PLLC and its representation of investors, please visit www.galvinlegal.com or call 1-800-405-5117.
Formerly Known As, Aliases, and Affiliates
LINSCO PRIVATE LEDGER CORP., PRIVATE LEDGER FINANCIAL SERVICES, INCORPORATED, LINSCO PRIVATE LEDGER CORP., PRIVATE LEDGER FINANCIAL SERVICES, INCORPORATED