• August 17, 2023
• LPL Financial

Bradley Wastler (CRD#: 868378) is a previously registered Broker and previously registered Investment Adviser.

Broker’s Background

He entered the securities industry in 1979 and previously worked for LPL Financial, LLC; Invest Financial Corporation; PFIC Securities Corporation; Fiserv Investor Services, Inc.; Tradestar Investments, Inc.; and Edward D. Jones & Co., L.P.

Current And Past Allegations Of Conduct

According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), in August 2023, FINRA sanctioned Bradley Wastler with a civil/administrative penalty/fine of $7,500, and a suspension from all capacities for ten months beginning August 7, 2023 and ending June 6, 2024. The FINRA sanction states, “Without admitting or denying the findings, Wastler consented to the sanctions and to the entry of findings that he forged or falsified customer and registered representative electronic signatures on account documents. The finding stated that at least nine of the names were signed without the customers’ permission. Wastler also electronically signed the name of another representative, his business partner, on account documents, at least some of which were without the representative’s permission. None of the customers complained. In addition, Wastler falsely attested in a compliance questionnaire that he had not signed or affixed another person’s signature on a document. The findings also stated that by forging and/or falsifying customer and registered representative signatures, Wastler caused his member firm to maintain inaccurate books and records.”

For a copy of the FINRA sanction, click here. Bradley Wastler has no additional disciplinary history.

For a copy of Bradley Wastler’s FINRA BrokerCheck, click here.

We Help Investors Recover Investment Losses

FINRA regulations require that a customer’s written authorization is required before a broker-dealer can carry out transactions in the customer’s account. In addition, the broker-dealer’s member firm needs to approve the broker-dealer’s authorization. These measures are intended to protect the customer. Discretionary trading allows the broker-dealer to unilaterally decide to buy or sell securities at any price and not have to check with the client first. Exercising discretion without authorization can be costly to investors, and broker-dealers and their member firms, too.

In addition, to the extent a Financial Advisor converts client assets during the course and scope of his employment and/or registration with the brokerage firm, that brokerage firm may be held liable for any attendant losses.

The Wolper Law Firm represents investors nationwide in securities litigation and arbitration on a contingency fee basis. Matt Wolper, the Managing Principal of the Wolper Law Firm, is a trial lawyer who has handled hundreds of securities cases during his career involving a wide range of products, strategies and securities. Prior to representing investors, he was a partner with a national law firm, where he represented some of the largest banks and brokerage firms in the world in securities matters. We can be reached at (800) 931-8452 or by email at mwolper@wolperlawfirm.com.