We Are Here for LPL Financial Clients
You rely on your financial advisor to give you objective advice to grow your money. Their job is to guide through all of the challenges in the coming years and provide reliable, trustworthy service.
The reality is that lots of investors work with financial advisors that are unprofessional. Their firm is just as bad, because they fail to provide adequate supervision. Both the advisors and the firm have a fiduciary duty to look out for your best interests. Not helping you and engaging in unethical and illegal activities is in direct conflict with these standards.
The regulatory agency that governs the financial industry is the Financial Industry Regulatory Authority (FINRA). Most cases of financial advisor and firm misconduct are handled through arbitration. Last year, FINRA reported 2,671 disputes that were handled through arbitration.
LPL Financial and other brokerage firms have a section on the form they use to establish a new account which requires you to waive your right to sue. You must use FINRA arbitration to settle all disputes with your financial advisor and the firm.
The skilled attorneys at the Wolper Law Firm, P.A. have experience with cases involving complaints against LPL Financial and its advisors. You will work with a team of knowledgeable professionals that will give your case the attention it deserves. We use all legal means at our disposal to hold those that engaged in illegal activities accountable. We will not stop until we get you a recovery.
Contact us now at 954.406.1231 / 800.931.8452 to schedule your free consultation with a skilled attorney. You will work with a knowledgeable attorney that has experience dealing with those situations involving LPL Financial. We will go over your case and lay out the different options. You are under no obligation, and everything is confidential.
Lots of LPL Financial Complaints
LPL Financial has lots of complaints and regulatory problems. Several experienced financial advisors face disciplinary actions for things such as:
- Unsuitability of investments
- Failing to supervise
- Breach of fiduciary duty
- Omission of facts
- Unauthorized trading
These are some of the LPL financial complaints that FINRA is receiving, and the number is continuing to grow.
The firm and its advisors have a direct obligation to look out for your best interests. Failing to do so can lead to arbitrations and sanctions against the advisor and the firm. Both must show that all of their recommendations are suitable and you were informed of everything.
We recommend speaking with a skilled securities attorney at the Wolper Law Firm, P.A. if you are an LPL client. We will go over your case and outline a strategy for getting you back the money lost through LPL Financial misdoing. We have recovered money for investors in 99% of the cases we handle. Our track record speaks for itself, and this is why we have five-star reviews. Contact us now at 954.406.1231 / 800.931.8452 to schedule your free consultation with a skilled attorney.
Why Choose Us?
The Wolper Law Firm, P.A. was founded by Matthew Wolper to level the playing field for investors like you. Matthew worked as legal counsel for some of the big Wall Street firms for 14 years and saw how they use their money to walk away from things.
He started our firm to give investors access to the same legal advice and resources. The law is here to protect you, and our team will point out how the brokerage firm and advisor failed to follow the different guidelines. This increases the odds that we will get a successful settlement that reflects the damages from the advisor and firm.
You work with a skilled attorney that gives your case the attention it deserves. We are always available to return phone calls, emails, and text messages. You are never passed on to someone with less experience and qualifications. Our team is passionate about serving our clients, and we will stand up for you.
Our track record speaks for itself with the five-star reviews our clients give us. We have recovered damages for wronged investors in 99% of the cases we take on. Our knowledge, experience, skill, and tenacity make all the difference. This is why we are so successful for our clients.
Contact us now at 954.406.1231 / 800.931.8452 to schedule your free consultation with a skilled attorney. You have nothing to lose and everything to gain by speaking with a professional that will help. We will give you practical advice and lay out the different options.
LPL Financial has a Mountain of Regulatory Problems
LPL is one of the larger Wall Street firms and owns Waddell & Reid and Ledger Financial Services. The firm has lots of regulatory issues, and these problems are continuing to get worse. According to FINRA, the firm has 245 disciplinary events, including failing to supervise, breach of fiduciary duty, and failing to follow the proper standards for record keeping.
Things get worse when you look at the number of recent arbitrations involving the firm’s advisors. The record is filled with cases of experienced advisors engaging in actions that they knew were illegal.
All of this points to the fact that LPL Financial is not doing their job in protecting its clients. Under FINRA’s Best Interest Rule, the firm is required to have procedures in place to monitor the activities of its personnel. All recommendations must first take into account your best interests. Those of the advisor and the firm are secondary to yours.
The fact that this is repeatedly happening shows a breakdown at the firm. You could be entitled to compensation if you are losing money with LPL Financial or its subsidiaries. The firm and its advisors must protect you and make recommendations that match your investment objectives. Failing to do so, exposes LPL to legal action, including going to arbitration.
How We Can Help?
We level the playing field in your favor when it comes to an LPL Financial lawsuit. The firm has a track record of disciplinary issues and was ordered to establish special funds to compensate investors for losses because of their mistakes. Our team of attorneys looks at all relevant FINRA actions, and we determine if you qualify for one of these special funds.
We will also pursue separate legal actions against the firm and its advisor. We are ready to take them to arbitration to get an award in your favor based on FINRA’s rules and regulations. You will work with a team of dedicated professionals that will not stop until we create favorable outcomes for you.
Your case will get the proper attention it deserves and you will always work with an experienced attorney. Our knowledge, experience, and skill are what level the playing field in your favor when it comes to LPL Financial complaints.
We will never ignore you or pass you on to someone that is less qualified. Our focus is on serving you and making sure that you understand what is happening with your case. Our strong communication and simple explanations help you to see what is taking place. You can relax and let us use our knowledge, expertise, and experience to go after LPL Financial and the advisor that wronged you. We will not stop until we create favorable outcomes for you.
The Wolper Law Firm, P.A. will help you with your LPL financial lawsuit. We understand the frustrations and anger you are experiencing because of the situation. You will work with a skilled attorney that guides you through the process to hold the firm and the advisor accountable. Contact us now at 954.406.1231 / 800.931.8452 to schedule your free consultation with a skilled attorney.
LPL Financial is a large financial services firm that offers brokerage and advisory services to clients through the company and its subsidiaries.
You have the option to sue unless you signed an arbitration agreement. This waives your right to sue and settle all disputes using FINRA’s arbitration procedures. We recommend speaking with a skilled attorney about which option is right for you.
FINRA uses arbitration as a way to settle disputes without going to court. You waive your right to sue when you are opening your account with the firm. FINRA’s decisions are binding and reduce the time it takes to settle disputes. The majority of issues in the financial services industry are resolved through arbitration.
The best approach is to contact our office and speak with a skilled attorney during the free consultation. We will go over your options and let you decide if you want to move forward with the case against the firm and advisor.
LPL pays its advisors through a commission on the products they sell. These charges can go up to 5% of the total transaction. You might not see the commission on products such as mutual funds. The sales charge is included in the price. You must look in the prospectus to find out what you are paying in commissions and fees on these transactions. The other way is based on a percentage of the assets that you have under management. LPL charges a yearly fee of 1%. If you have $1 million under management, these fees will be $10,000 annually.
Contact the Wolper Law Firm, P.A. now at 954.406.1231 / 800.931.8452 to schedule your free consultation with a skilled attorney if you have concerns about your investment dealings with LPL Financial.