Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Nicholas Larsen (Larsen), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Larsen 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 $15,342.00 on November 15, 2022.
The clients submitted a complaint regarding the recommendation to purchase a HICOX mutual fund by a former CFS representative in February of 2021, which they subsequently sold in November of 2022. The clients allege that their former representative did not properly explain this mutual fund to them, insofar as they understood this mutual fund to be a conservative investment that would protect their principal. The clients have requested compensation for the losses they incurred upon selling their mutual fund investment.