Craig McIlroy The Focus Of LPL Financial Investors’ Unsuitable Oil And Gas Investment Claims

Investors potentially experienced sales practice violations due to securities broker J. Craig McIlroy (also known as Craig McIlroy) [CRD: 1422508, Highlands Ranch, Colorado], according to public information found on FINRA BrokerCheck. Evidently, McIlroy joined LPL Financial LLC on August 5, 2024. Previously, he was registered with Osaic FA Inc. in Denver, Colorado, as both a broker and investment adviser between June 1, 1998, and August 6, 2024. Keep reading to learn more about McIlroy’s disclosures.

Lincoln Financial Advisors Client Accused McIlroy Of Unsuitable Recommendations

Evidently, on December 20, 2024, a Lincoln Financial Advisors Corporation client filed FINRA Arbitration No. 24-02312 about McIlroy. The client alleged that McIlroy recommended an unsuitable oil and gas investment. Therefore, the client requested $100,000 in compensation from Lincoln Financial Advisors Corporation or McIlroy. Supposedly, this claim awaits a resolution.

Craig McIlroy Disclosed Unsuitable Advice Allegations By Lincoln Financial Advisors Client

Also, a client of Lincoln Financial Advisors Corporation contested McIlroy’s conduct by bringing FINRA Arbitration No. 24-02317 on October 25, 2024. Allegedly, McIlroy made unsuitable recommendations involving oil and gas investments. For this reason, the client seeks compensatory damages from Lincoln Financial Advisors Corporation or McIlroy in the amount of $50,000 in this ongoing matter.

Lincoln Financial Advisors Investor Accused McIlroy Of Unsuitable Trading

Additionally, a Lincoln Financial Advisors Corporation client filed FINRA Arbitration No. 22-02802 about Craig McIlroy. Primarily, the client claimed that McIlroy engaged in unsuitable trading involving oil and gas investments. Because of this, the client allegedly incurred damages. As a result, on August 17, 2023, Lincoln Financial Advisors Corporation settled this matter by paying the client $133,500 in damages.

Craig McIlroy Disclosed Misrepresentation Allegations By Lincoln Financial Advisors Client

Specifically, a client of Lincoln Financial Advisors Corporation disputed Craig McIlroy’s sales practices by filing FINRA Arbitration No. 11-04598. Allegedly, McIlroy gave unsuitable advice and made misrepresentations and omissions involving private placement annuities. Consequently, Lincoln Financial Advisors Corporation opted to settle the matter on June 19, 2012, by paying $228,786.

Lincoln Financial Advisors Investor Accused McIlroy Of Omissions

Particularly, a Lincoln Financial Advisors Corporation client filed FINRA Arbitration No. 11-00164 about Craig McIlroy. Allegedly, McIlroy made omissions concerning the risks of an investment strategy involving private placement annuities. For this reason, on June 19, 2012, Lincoln Financial Advisors Corporation settled this matter by paying the client $1,179,426 in damages.

Were You Impacted By Financial Advisor / Securities Broker Craig McIlroy?

Do you have concerns or questions regarding investments you made with Craig McIlroy? You can get in touch with Soreide Law Group online or at (888) 760-6552 and speak with a securities attorney about possibly recovering your investment losses. Soreide Law Group has recovered damages for investors located throughout the US. Also, the firm works on a contingency fee basis and covers all costs upfront. Smith and the firms he worked with deny any allegations of misconduct.