Andrew Martz Faced LPL Financial Investor Complaint Re: Violation Of Reg BI

Investors potentially experienced sales practice violations by securities broker Andrew Martz [CRD: 5118326, Southlake, Texas], given the disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Andrew Martz worked for Western International Securities Inc. and Western International Securities from July 13, 2017, and July 14, 2017, respectively, through June 5, 2025, and has been registered with LPL Financial LLC since June 5, 2025. Investors are encouraged to continue reading to find out more about disclosures involving Andrew Martz.

LPL Financial Investor Accused Martz Of Violation Of Reg BI

Notably, a client filed a complaint about Andrew Martz. Mainly, the client alleged that Martz violated Regulation Best Interest standards in connection with recommendations involving corporate bonds. For this reason, the client allegedly sustained damages. Therefore, on April 6, 2026 LPL Financial LLC settled this matter by paying the client $50,000 in damages.

Andrew Martz Disclosed Misrepresentation Allegations By J.P. Morgan Securities LLC Client

Also, a client of J.P. Morgan Securities LLC contested Andrew Martz’s sales practices, according to a complaint dated November 13, 2014. Allegedly, Martz made misrepresentations regarding a variable annuity. It appears that Martz allegedly caused the client to sustain damages. As a result, the client sought compensation from J.P. Morgan Securities LLC or Martz in the amount of $26,000 in this matter. However, the firm denied this complaint.

What Does A Reg BI Allegation Mean?

A Regulation Best Interest (Reg BI) allegation generally concerns whether a broker acted in the client's best interest when making an investment recommendation. Depending on the facts, a Reg BI claim may involve allegations of unsuitable recommendations, failure to consider the client's investment objectives, or conduct resembling a breach of fiduciary duty.

Did You Sustain Losses Because Of Securities Broker / Financial Advisor Andrew Martz?

Do you have questions or concerns regarding investments you made with Andrew Martz? Get in touch with Soreide Law Group at (888) 760-6552 or online and speak to a securities attorney regarding a possible recovery of your investment losses. Soreide Law Group has recovered losses for hundreds of clients throughout the United States. Also, our securities lawyers handle cases on a contingency fee basis and advance all costs. Martz and brokerage firms Martz worked for deny allegations of sales practice violations.