Articles Tagged with LPL Financial LLC

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Brian Voss (Voss), previously associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Voss 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 $128,000.00 on December 23, 2022.

Claimant alleges that respondent recommended unsuitable investments.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker William Smith (Smith), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Smith 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 $100,000.00 on January 03, 2023.

Claimants allege the RR recommended an unsuitable Oil & Gas Investment

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

FINRA BrokerCheck shows a settled customer complaint on December 30, 2022.

Customer alleges that investment of $25,000 in June 2012 was unsuitable and seeks unspecified damages.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Mark Zitzelsberger (Zitzelsberger), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Zitzelsberger 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 December 30, 2022.

Customer alleges that investment of $25,000 in June 2012 was unsuitable and seeks unspecified damages.

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Currently financial advisor Robert Li (Li), currently employed by brokerage firm LPL Financial LLC has been subject to at least 2 disclosable events. These events include 2 customer complaints. According to a BrokerCheck reports most of the recent customer complaints concern either corporate debt securities or alternative investments such as direct participation products (DPPs) like business development companies (BDCs), non-traded real estate investment trusts (REITs), oil & gas programs, annuities, and private placements.  The attorneys at Gana Weinstein LLP have represented hundreds of investors who suffered losses caused by these types of high risk, low reward products.

FINRA BrokerCheck shows a settled customer complaint with a damage request of $200,000.00 on January 06, 2023.

Customer alleges that representative recommended an investment strategy involving REITs, and buying certain equities on margin which were not suitable for the customer’s investment objectives and risk tolerance. Time period: December 2008 to January 2023.

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

FINRA BrokerCheck shows a pending customer complaint on January 18, 2023.

Customer alleges representative, his half-brother, transferred funds out of customer’s UTMA account on several occasions during the time period 2015-2021 and deposited the funds into a checking account belonging to another family member.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Cynthia Anderson (Anderson), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Anderson 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 $20,947.18 on March 23, 2023.

Prior to being securities registered, Ms. Anderson held an insurance license. During this time, she sold a fixed annuity to a client. The daughter of the client verbally complained that she felt the client was taken advantage of. She stated that her father did not have enough money to invest that much into an annuity. However, the information provided showed that he had sufficient funds for this purchase. However, the daughter later stated that she had put extra money into the client’s account so that he would qualify for a home loan. Ms. Anderson was not made aware of this. Based on the information provided, the trade was suitable.

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

FINRA BrokerCheck shows a pending customer complaint on February 07, 2025.

Customer alleges advisor forged signature on account form

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Nicholas Olivas (Olivas), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Olivas 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 $12,130.00 on August 05, 2025.

Customer alleges that advisor did not follow all trade instructions resulting in loss.

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According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker William Tunink (Tunink), previously associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Tunink 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 $135,500.00 on August 01, 2025.

Customer lent $140,000 which had not been paid back.

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