Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Dirk Rabenold (Rabenold), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Rabenold recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a settled customer complaint with a damage request of $5,000.00 on August 18, 2022.
In September 2021, the customer directed a $450,000 wire transfer from the customer’s investment account to the customer’s personal bank account. The customer subsequently became a victim of a fraudulent telephone scam where the customer transferred the funds from the customer’s bank account to a third party in a fraudulent investment. The customer now alleges that she did not understand what she was doing at the time and the registered representative should not have honored the customer’s directive to transfer funds from the customer’s investment account to the customer’s personal bank account.