Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Stephen Sylvester (Sylvester), previously associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Sylvester 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 $36,000.00 on January 12, 2021.
Customer brought forth a mediation claim alleging the RR did not take into consideration her liquidity concerns in general or properly illustrate a balanced view of asset classes through his use of a financial planning software program. The customer also alleges failure to complete a formal risk assessment and disregard for her social security concerns. The alleged activity occurred between the dates of January 2019 – November 2021.