John Alex (CRD: 2020710) settled customer disputes at Morgan Stanley and UBS Financial Services between 2011 and 2025, according to BrokerCheck, which lists him as John L. Alex.
The Financial Industry Regulatory Authority (FINRA) reports important information about securities broker Rhett Douglas Bedwell (CRD: 5664392, Rogers, AR). Notably, investors disputed the sales practices of the securities broker, who worked for LPL Financial LLC. Additionally, the securities broker discloses a regulatory enforcement action. However, Bedwell denies the allegations of sales practice violations. Read on to learn more about the allegations against Bedwell.
Evidently, an LPL Financial LLC client filed a complaint about Rhett Bedwell. Namely, the client alleged that Bedwell transferred funds without authorization. Because of this, the client allegedly sustained damages. Therefore, on September 23, 2021, LPL Financial LLC settled this matter by paying the client $19,848.26 in damages.
Also, a client of LPL Financial LLC contested Rhett Bedwell’s sales practices by filing FINRA Arbitration: 20-02811. Allegedly, Bedwell used forged documents to invest the client's assets. Supposedly, Bedwell caused the client to sustain damages. Therefore, LPL Financial LLC opted to settle the matter on September 15, 2021, by compensating the client in the amount of $233,000.
Additionally, an LPL Financial LLC client filed a complaint about Rhett Bedwell. Namely, the client alleged that Bedwell caused the client to invest in worthless promissory notes. Because of this, the client allegedly sustained damages. Therefore, on July 29, 2021, LPL Financial LLC settled this matter by paying the client $355,772.08 in damages.
Additionally, FINRA issued Case: 2020067764001 on March 2, 2021, sanctioning Rhett Bedwell for infractions. Allegedly, Bedwell did not submit information and documents to FINRA when it investigated potential FINRA rule violations. Therefore, Bedwell was barred as a securities broker.
Mainly, FINRA began an investigation into Bedwell after receiving allegations that he forged documents during the time that he was associated with LPL Financial. In connection with the investigation, FINRA sent Bedwell a request for the production of documents on September 14, 2020. While Bedwell did provide some of the requested documents and information, on February 10, 2021, Bedwell indicated that he had received FINRA’s requests but would not provide the outstanding information and documents at any time. As a result, Bedwell violated FINRA Rules 2010 and 8210.
Rhett Bedwell worked for LPL Financial LLC in Rogers, AR, as a securities broker from November of 2017 to August of 2019.
Experienced damages because of Rhett Bedwell? If so, reach out to Soreide Law Group at (888) 760-6552 and speak with a securities attorney about a potential recovery of your investment losses. Soreide Law Group, who has successfully recovered money for many investors throughout the United States, is ready to review your situation and explain your legal options. Also, the firm represents clients on a contingency fee basis and advances all costs. Bedwell and brokerage firms Bedwell worked for deny any and all allegations of sales practice violations.
John Alex (CRD: 2020710) settled customer disputes at Morgan Stanley and UBS Financial Services between 2011 and 2025, according to BrokerCheck, which lists him as John L. Alex.
Sam Bhushan (CRD: 4884717) is named in several pending customer complaints and one settled dispute, according to his BrokerCheck report.
Sterling Louviere (CRD: 2021328), listed on BrokerCheck as Sterling Vaughn Louviere, is named in a pending customer claim over Reg D private placements, with Cabin Securities as the firm named.
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