Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Quinlan (Quinlan), previously associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Quinlan 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 $250,000.00 on August 05, 2022.
CUSTOMER ALLEGED THAT ADVISOR EMBARKED ON A HIGH-RISK STRATEGY OF CONCENTRATING ACCOUNT POSITIONS WITH EQUITY PURCHASES AND CALL OPTIONS. CUSTOMER STATES POSITIONS IN ACCOUNT DID NOT REFLECT INVESTMENT OBJECTIVES OR RISK TOLERANCE PREVIOUSLY DISCUSSED WITH ADVISOR. PORTFOLIO SUSTAINED LOSES UNACCEPTABLE TO CUSTOMER AND IN CUSTOMER’S OPINION, DEMANDS RESTITUTION.