Soreide Law Group obtained the following information from FINRA’s Disciplinary Report, December of 2020.
James Kenneth Couture (CRD #4406284, Bellingham, Massachusetts) was barred from association with any FINRA member in all capacities on October 21, 2020. Couture was formerly with LPL FINANCIAL LLC of Worcester, MA.
Without admitting or denying FINRA’s findings, James Kenneth Couture, consented to the sanction and to the entry of findings that he allegedly refused to produce all of the information and documents FINRA requested in connection with its investigation into the allegations that formed the basis of his termination from his member firm.
FINRA’s findings stated that James Kenneth Couture’s firm submitted a Form U5 terminating his registration and alleging that he altered identifying information, account balances, and distributions in client account statements, maintained co-mingled customer funds, and used an unapproved email address.
According to the report, initially FINRA received a response to its requests from James Kenneth Couture, however his production was incomplete. FINRA stated that Couture decided to cease complying with FINRA’s requests. (FINRA Case #2020067011901)
According to FINRA’s BrokerCheck, available to the public on FINRA’s website, James Kenneth Couture was in the securities industry for 18 years and has 3 “Disclosures” on his CRD report.
One of those disclosures, dated June 17, 2020, is an “Employment Separation After Allegations.” Couture was discharged from LPL Financial LLC, following the allegations that he allegedly, “Altered identifying information, account balances and distributions in customer account statement; maintained comingled customer funds; use of an unapproved email address.”
A “Customer Dispute” was filed in October of 2020 alleging, “Misrepresentation. ACTIVITY PERIOD: 4/21/20 TO 10/20/20.”
The third disclosure, dated October 21, 2020, is the “Regulatory” barring James Kenneth Couture from acting as a broker or otherwise associating with a broker-dealer firm.
Couture was listed with 4 firms, the most recent was:
02/27/2009 - 07/16/2020 LPL FINANCIAL LLC - WORCESTER, MA
If you’ve experienced financial losses due to the actions or recommendations of James Kenneth Couture, formerly with LPL FINANCIAL LLC of WORCESTER, MA, contact Soreide Law Group and speak to an experienced securities lawyer at no cost regarding the possible recovery of your investment loss through a FINRA arbitration at: 888-760-6552.
Soreide Law Group represents our clients nationwide before FINRA and operates on a contingency fee basis--no fee to you if no recovery.
