Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Tim Peyton (Peyton), currently associated with LPL Financial LLC, has at least one disclosable event. These events include one customer complaint, alleging that Peyton 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 $750,000.00 on January 03, 2022.
The customers allege lack of suitability and failure to conduct proper due diligence as it relates to the purchase of two alternative investment products. They further allege over concentration and the failure to disclose the risk factors of the investment products in question.