Investors apparently complained about securities broker Richard Francis Simonitis Jr. [CRD: 2263459, North Royalton, Ohio], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Richard Simonitis has been registered with LPL Financial LLC since February 26, 2007, as a broker and since February 27, 2007, as a financial advisor. See the following information to find out more about the disclosures involving this securities broker.
Notably, on February 7, 2025, an LPL Financial LLC client filed a complaint about Richard Simonitis. Mainly, the client alleged that Simonitis committed forgery by signing the client’s name on an account form without authorization. Because of this, the investor allegedly sustained damages. Therefore, the client requested compensation from LPL Financial LLC or Simonitis. This matter remains pending.
Additionally, a client of LPL Financial contested Simonitis’s sales practices, according to a complaint dated March 25, 2014. Allegedly, Simonitis made unsuitable recommendations connected to the client’s investments, which reportedly resulted in losses tied to mutual funds and over-the-counter equities. Consequently, the client sought compensation from LPL Financial or Simonitis in the amount of $250,000. This complaint was denied on August 29, 2014.
Are you concerned about investments you made through Richard Simonitis? You should contact Soreide Law Group at (888) 760-6552 or online and talk with a securities attorney about a possible recovery of your investment losses. Soreide Law Group has recovered losses for hundreds of clients throughout the United States. Also, the firm works on a contingency fee basis and advances all costs. Simonitis and brokerage firms Simonitis worked for deny any allegations of sales practice violations.
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