SEC Accuses Former LPL Financial Broker, SONYA D CAMARCO, of Misappropriation of $2.8 Million from Clients

The SEC has obtained an order to freeze the assets of a former LPL Financial broker who allegedly misappropriated $2.8 million from her clients. 
SONYA D CAMARCO (Also known as:  SONIA D FATCHETT, SONYA D FATCHETT, SONYA D FATCHETT-CAMARCO) CRD#: 2427529
According to the SEC, Camarco allegedly took the money from her clients over a 13 year period beginning in approximately 2004 and continuing through August 2017, lied to her clients about those withdrawals, and forged their signatures so she could move the money to C Investments.  The SEC states that the money was then deposited in the bank account of Camarco Investments, which Camarco was the sole registered agent since 2004.
According to the SEC, Camarco allegedly 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, which was established in 2009 and her husband are the trustees, and the payment of her personal home mortgage. The SEC is seeking disgorgement of ill-gotten gains plus interest, penalties and a permanent injunction and has named Camarco Investments and Camarco Living Trust as relief defendants.
SONYA D CAMARCO was a registered representative with LPL Financial since February of 2004, until she was terminated this August.  Camarco had approximately 100 clients.
According to the SEC, her firm, LPL Financial, began an investigation of SONYA D CAMARCO in July 2017 after one of her clients reported a request from her to make a check payable to C Investments. The SEC stated that Camarco allegedly told LPL on several occasions that C Investments was a firm that was held by one of her clients and she had no affiliation.
According to FINRA’s BrokerCheck, which is available to the public, SONYA D CAMARCO has 2 Disclosures on her report.  Camarco has been in the securities industry for 23 years and was listed with 3 firms, the most recent listed below:
02/27/2004 - 08/10/2017  LPL FINANCIAL LLC - COLORADO SPRINGS, CO 
If you were a victim of former LPL Financial broker, SONYA D CAMARCO, and suffered investment losses due to her actions or recommendations, call Soreide Law Group for a no-cost consultation with a securities lawyer regarding the possible recovery of your investment loss through a FINRA arbitration at:  888-760-6552. 
Soreide Law Group represents clients nationwide before FINRA.  We operate on a contingency fee basis.