Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Peter Smith (Smith), previously 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 $25,000.00 on September 10, 2020.
Claimant vaguely alleges that her financial professional recommended that she invest in two non-public REIT investments which were unsuitable for her investment portfolio. Claimant fails to provide any specific supporting allegations that demonstrate why or how the investments were unsuitable for her. The time period 09/2014 – 09/2020.