SONYA D CAMARCO, Former LPL FINANCIAL Advisor in Colorado Springs, Indicted by Grand Jury on Fraud and Theft Charges

SONYA D CAMARCO (Also known as: SONIA D FATCHETT, SONYA D FATCHETT, SONYA D FATCHETT-CAMARCO) CRD#: 2427529),
a 45 year-old financial advisor from Colorado Springs, Colorado, was indicted September 21, 2017 by a Colorado grand jury, faces six counts of securities fraud and seven counts of theft.
SONYA D CAMARCO was with LPL Financial Holdings since February of 2004.  It is alleged Camarco diverted more than $850,000 in client funds for her own personal use between January 2013 and May 2017. Allegedly, Camarco used her clients’ funds for her own credit card payments, real estate, taxes and automobile expenses.
LPL Financial Holdings conducted an investigation in July of 2017 due to a suspicious check. The company discovered several checks were drawn on different accounts belonging to Camarco's clients, that were payable to an account controlled by SONYA D CAMARCO. LPL’s investigation also discovered Camarco was allegedly endorsing the checks from her clients' accounts without authorization.  LPL then fired Camarco.
The Colorado Department of Regulatory Agencies (DORA) said she allegedly did not return funds to the investors or disclose she was placing them in "Camarco Investments" account controlled by Camarco. DORA reported that one of Camarco’s clients was an elderly woman with dementia.
This indictment stemmed from the investigation by the Colorado Division of Securities, which is part of DORA. The case is being prosecuted by the Colorado Attorney General’s Office.
FINRA has suspended SONYA D CAMARCO from acting as a broker.
According to FINRA’s BrokerCheck, SONYA D CAMARCO, had 23 years of experience in the securities industry and was listed with 3 firms, the most recent listed below:
02/27/2004 - 08/10/2017  LPL FINANCIAL LLC - COLORADO SPRINGS, CO 
SONYA D CAMARCO has 6 Disclosures on her BrokerCheck report, one of those Disclosures was the following from August of 2017:
“The United States Securities and Exchange Commission (SEC) alleges that beginning in approximately 2004 and continuing through at least August 2017, Sonya D. Camarco, an investment adviser and registered representative of a broker dealer, individually and using her wholly owned company Camarco Investments, Inc. ("Camarco Investments"), misappropriated over $2.8 million in investor funds from her clients and customers. Camarco used investor accounts to pay hundreds of thousands of dollars in credit card bills, took cash advances on investor accounts, transferred investor funds directly to her personal bank account, and funneled investor funds through Camarco Investments into her personal bank account. Among other things Camarco spent investor funds on the purchase of a house in the name of Camarco Living Trust and the payment of her personal home mortgage.”
If you were a client of former LPL Financial broker, SONYA D CAMARCO, and experienced losses due to her actions or recommendations, call Soreide Law Group and speak to a securities lawyer regarding the possible recovery of your financial losses through a FINRA arbitration at:  888-760-6552.
Soreide Law Group operates on a contingency fee basis and we represent our clients nationwide before FINRA.  Let our years of experience work for you.