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Former LPL Financial Broker Howell Ferguson Suspended by FINRA

Howell Ferguson (CRD#: 4400990) is a previously registered Broker.

Broker’s Background

He entered the securities industry in 2001 and previously worked for LPL Financial, LLC; Uvest Financial Services Group, Inc.; DFC Investor Services; and Edward Jones.

Current And Past Allegations Of Conduct Leading To Investment Loss

According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), in February 2022, FINRA sanctioned Howell Ferguson, fining him $10,000 and suspending him from all capacities for two years beginning February 22, 2022 and ending February 21, 2024. The FINRA sanction states, “Without admitting or denying the findings, Ferguson consented to the sanctions and to the entry of findings that he forged documents by signing a customer’s name without the customer’s prior permission. The findings stated that the forms were to request required minimum distributions from annuities and Ferguson caused those forms to be submitted to the annuity companies. The findings also stated that after FINRA initiated an investigation of Ferguson’s conduct, he falsely denied signing the customer’s name in response to FINRA’s request for information. Subsequently, after FINRA obtained Ferguson’s emails about the forms, and requested information from him about those emails, Ferguson recanted his false statements and admitted that he had signed the customer’s name without permission.”

For a copy of the FINRA sanction, click here.

In addition, Howell Ferguson has been the subject of one customer complaint, including one that remains pending, including the following:

  • November 2021 – “CUSTOMERS ALLEGE THAT BETWEEN FEBRUARY 2014 AND NOVEMBER 2021, THEY WERE RECOMMENDED TWO ALTERNATIVE INVESTMENTS THAT WERE UNSUITABLE.” Damages of $58,000 are requested, and the customer dispute is pending.

For a copy of Howell Ferguson’s FINRA BrokerCheck, click here.

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Attorney Matthew Wolper

Attorney Matthew WolperMatt Wolper is a trial lawyer who focuses exclusively on securities litigation and arbitration. Mr. Wolper has handled hundreds of securities matters nationwide before the Financial Industry Regulatory Authority (FINRA), American Arbitration Association (“AAA”), JAMS, and in state and federal court. Mr. Wolper has handled and tried cases involving complex financial products and strategies ranging from traditional stocks and bonds to options, margin and other securities-based lending products, closed/open-end mutual funds, structured products, hedge funds, and penny stocks. [Attorney Bio]