Lincoln Investment

Broker Chad Thuner in Lincoln Investment Firm Has Customer Complaint

July 31, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Chad Thuner (Thuner), currently associated with Lincoln Investment, has at least one disclosable event. These events include one customer complaint, alleging that Thuner 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 $400,000.00 on March 05, 2020.

Breach of Fiduciary Duty, Misrepresentation, violation of Indiana State Securities Laws.

Broker Joseph Valdes in Lincoln Investment Firm Has Customer Complaint

July 21, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Joseph Valdes (Valdes), currently associated with Lincoln Investment, has at least 2 disclosable events. These events include 2 customer complaints, alleging that Valdes 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 $30,000.00 on April 03, 2020.

Clients allege they met with their registered representative on March 9, 2020 to request their accounts be moved to a fixed interest option. The requested transactions were not performed by the registered representative, causing their accounts to incur market losses.

Broker Joseph Valdes in Lincoln Investment Firm Has Customer Complaint

June 23, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Joseph Valdes (Valdes), currently associated with Lincoln Investment, has at least one disclosable event. These events include one customer complaint, alleging that Valdes 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 $30,000.00 on April 03, 2020.

Clients allege they met with their registered representative on March 9, 2020 to request their accounts be moved to a fixed interest option. The requested transactions were not performed by the registered representative, causing their accounts to incur market losses.

There are Recent Customer Complaints with Broker Louis Olave in Firm Lincoln Investment

February 19, 2026 | by Staff Attorney

The law offices of Gana Weinstein LLP are currently investigating claims that Broker Louis Olave (Olave) has been accused by investors of engaging in fraudulent misappropriation of their funds. According to records kept by The Financial Industry Regulatory Authority (FINRA), it appears that Olave was employed by Lincoln Investment at the time of the activity. If you have been a victim of Olave’s alleged misconduct our firm may be able to assist you in recovering funds.

FINRA BrokerCheck shows a final customer complaint on April 30, 2021.

Without admitting or denying the findings, Olave consented to the sanctions and to the entry of findings that he participated in private securities transactions totaling $217,477 without prior disclosure to, or approval from, his member firm. The findings stated that Olave solicited investors to purchase securities of a company that represented itself as a structured cash flow investment that purchased pensions at a discount from pensioners and then sold a portion of those pensions as a pension stream to investors. The company generally promised investors a seven to eight percent rate of return on their investment. Olave received a total of $3,795 in commissions in connection with his sales of the securities.

Broker Lester Burroughs in Lincoln Investment Firm Has Customer Complaint

January 20, 2026 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Lester Burroughs (Burroughs), previously associated with Lincoln Investment, has at least 4 disclosable events. These events include 3 customer complaints, one regulatory event, alleging that Burroughs recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a settled customer complaint on October 19, 2021.

Statement of Claim alleges that this individual recommended a series of unsuitable annuity transactions to Claimants, misrepresented the characteristics of the annuities to Claimants, and added unnecessary rider benefits to the annuities. Statement of Claim also alleges that the firm negligently hired, retained and supervised this individual.

There are Recent Customer Complaints with Broker Jason Knox in Firm Lincoln Investment

October 15, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Jason Knox (Knox), currently associated with Lincoln Investment, has at least one disclosable event. These events include one customer complaint, alleging that Knox recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $10,397.45 on July 15, 2025.

Client alleged that financial professional acted with discretion, in a non-discretionary account, when, in July 2021, financial professional sold 100% of client’s Franklin Growth Fund to purchase more diversified, lower-risk investment models. Client alleged that she became aware of the sale in November 2023, when she received an IRS notice regarding taxes, interest and penalties owed to the IRS in relation to the sale. Client requested to be reimbursed in the amount of $10,397.45.

There are Recent Customer Complaints with Broker Selwyn Miller in Firm Lincoln Investment

October 14, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Selwyn Miller (Miller), previously associated with Lincoln Investment, has at least one disclosable event. These events include one customer complaint, alleging that Miller recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint on July 22, 2025.

The Statement of Claim, filed 1.5 years after the retirement of the Investment Professional, alleges improper and deceptive sales practices utilized by Respondents in the procurement, sale, approval, maintenance, and servicing of life insurance policies. The Claim further alleges that despite Claimant having no heirs, Claimant was sold eight life insurance policies by Respondent and that Respondent made misrepresentations and omissions in inducing Claimant to purchase the policies along with ongoing negligent maintenance of the policies, all of which caused Claimant to incur significant policy value reductions, excessive loan charges and other financial losses.

There are Recent Customer Complaints with Broker Ryan Herits in Firm Lincoln Investment

August 20, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ryan Herits (Herits), currently associated with Lincoln Investment, has at least one disclosable event. These events include one customer complaint, alleging that Herits 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 $5,718.63 on September 21, 2022.

Client alleged that the representative failed to act upon instructions to liquidate.

Broker Robert Restino in Lincoln Investment Firm Has Customer Complaint

March 2, 2025 | by Staff Attorney

According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Restino (Restino), currently associated with Lincoln Investment, has at least one disclosable event. These events include one customer complaint, alleging that Restino recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.

FINRA BrokerCheck shows a pending customer complaint with a damage request of $500,000.00 on October 28, 2024.

Client alleges she desired conservative approach to investing and financial professional led her to believe that her portfolio was conservatively invested. Client further alleges that an agreement requiring binding arbitration May have been executed but that such agreement was only signed after explicit guarantees from the financial professional and the firm that they would take a conservative investment approach. Client also alleges she was fraudulently listed as an aggressive investor in order to justify the purchase of medium to high-risk investments and that client suffered losses in excess of $500,000 due to this conduct.

Advisor Lester Burroughs Pleads Guilty to Converting Client Funds – Investor Recovery

February 17, 2020 | by Staff Attorney

The law offices of Gana Weinstein LLP are currently investigating claims that advisor Lester Burroughs (Burroughs) is converted customer funds among other allegations. According to BrokerCheck records, Burroughs is formerly registered with The Financial Industry Regulatory Authority (FINRA) member firm Lincoln Investment. In addition, Burroughs disclosed 17 customer complaints. If you have been a victim of Burroughs’ alleged misconduct our firm may be able to assist you in recovering funds.

According to news sources, Burroughs is facing up to 20 years in prison after pleading guilty to misappropriating $575,000 in client assets. Burroughs waived his right to be indicted and entered the plea in U.S. District Court of Connecticut as part of a deal in which he agreed to pay the full $575,000 in restitution to the victims of his crimes. It was alleged that Burroughs defrauded three clients in a Ponzi scheme from about 2012 to 2019. In addition, the U.S. Securities and Exchange Commission (SEC) announced separate civil charges against Burroughs stating that he misappropriated $560,000 after telling clients he would invest their money in guaranteed interest contracts with guaranteed returns of 4% or 7%. However, the SEC found that Burroughs instead used the money to pay his own expenses and the return funds to other clients.

Our law firm has significant experience bringing cases on behalf of defrauded victims when their advisors engage in receiving loans from clients or selling securities sales through OBAs. The sale of unapproved investment products – is a practice known in the industry as “selling away” – a serious violation of the securities laws. In the industry the term selling away refers to when a financial advisor solicits investments in companies, promissory notes, or other securities that are not pre-approved by the broker’s affiliated firm. Sometimes those investments have some legitimacy but often times these types of investments can end up being Ponzi schemes or the advisor can be engaging in the conversion of funds.