Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Ricky Whitmire (Whitmire), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Whitmire 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 $22,000.00 on April 01, 2024.
The client stated that the agreed-upon allocations for a variable annuity opened in 2022 while the advisor was registered at CUNA Brokerage Services, Inc. were not in their best interest. Moreover, the client stated that the advisor, while registered at LPL, failed to assist in modifying the variable annuity’s subaccount allocation (2023), causing the client to miss the deadline for an allocation change and subsequent losses. The client asked for a return of their account losses and hypothetical gains if the account had been invested differently at account opening, totaling $22,000.