Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Stephen Franklin (Franklin), previously associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Franklin 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 March 31, 2020.
Claimant, through his power of attorney, alleges that in 2014 advisor recommended claimant to invest in a Real Estate Investment Trust (‘REIT’) that was unsuitable for the claimant’s risk tolerance and also failed to advise the claimant about the REIT’s risks and commissions.