Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Michael Velazquez (Velazquez), previously associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Velazquez recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a pending customer complaint on January 24, 2024.
Claimant trustee alleges that the subject investment, which was purchased by third-party customers prior to their passing and subsequently transferred to a trust account, was not suitable for the customers (now deceased) when it was purchased in 2014.