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Paul Avila Discharged By LPL Financial For Violation Of Firm’s Suitability Policy

The Wolper Law Firm is currently investigating claims against Paul Avila, a former Financial Advisor at LPL Financial in Irvine, Califormia.  Paul Avila has been in the securities industry since 1990 and previously worked at Banc of America Investment Services, GNA Securities and Dean Witter.

According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), in September 2017, Paul Avila was discharged by LPL Financial based on the allegation that he violated the “firm’s suitability policy involving variable annuities transactions.”

https://brokercheck.finra.org/individual/summary/1816504#disclosuresSection

Suitability is the cornerstone of proper investment advice.  Financial Advisors are duty bound to recommend only securities that are suitable and appropriate for investors based on their investment objectives and risk profile.  If a Financial Advisor violates his or her duty to recommend suitable investments, both the Financial Advisor and employing brokerage firm may be held liable for any investment losses.

Paul Avila currently works for JW Cole Financial in San Juan Capistrano, Califormia.  If you or someone you know was a customer of Paul Avila and you experienced investment losses, please contact the Wolper Law Firm at 800.931.8452 or by email at mwolper@67.43.6.64 to discuss your specific situation and the legal options available.  The Wolper Law Firm represents investors nationwide in securities litigation and arbitration.

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]