FINRA Sanctions Arthur Obermeier

Soreide Law Group is investigating possible investor claims against Arthur Obermeier (also known as Arthur Obermeier and Art Obermeier) (CRD: 350245, Boulder, Colorado). Notably, FINRA sanctioned the securities broker, who worked for LPL Financial LLC. Allegedly, Obermeier engaged in unauthorized trading. Here is a brief summary of FINRA’s allegations against Obermeier. Although, keep in mind that Obermeier denies the allegations against him.

FINRA Issues Suspension, Fine To Arthur Obermeier For Unauthorized Trading

Evidently, on January 11, 2021, FINRA issued Case: 2019062711601 sanctioning Arthur Obermeier for infractions. Specifically, Obermeier received a suspension of 60 days in all capacities (including securities broker) and a fine of $5,000. Namely, FINRA alleged that Obermeier engaged in unauthorized trading. Supposedly, he executed trades with an approximate $798,000 principal value without getting client authorization when he worked for LPL Financial.

LPL Financial LLC Terminates Obermeier

Obermeier worked for LPL Financial LLC., in Boulder, CO as a securities broker from June 2002 to May 2019. Evidently, on April 26, 2019, LPL Financial LLC disaffiliated with Obermeier. Particularly, LPL Financial LLC alleged that Obermeier engaged in discretionary trading.

Damages Resulting From LPL Financial LLC Securities Broker Arthur Obermeier?

Have you experienced damages by investing with Arthur Obermeier? If so, feel free to call Soreide Law Group at (888) 760-6552 and speak with a securities lawyer about potentially recovering your investment losses. Soreide Law Group, who has successfully recovered funds for many investors throughout the United States, represents clients on a contingency fee basis and advances all costs. Obermeier and brokerage firms Obermeier worked for deny any and all allegations of sales practice violations.