Kenneth William Schulz (CRD #4605235, Tomahawk, Wisconsin) was barred by FINRA for allegedly directing a registered assistant to impersonate Schulz's former clients. The assistant was told to make phone calls to Schulz's former firm and request that the client's accounts be liquidated, then they could invest with Schulz at his new firm. FINRA's findings stated […]

BLAKE B. RICHARDS (CRD# 4051402) of Buford, Georgia, was accused May 2013 of misappropriating money from elderly investors and ordered to repay $1.8 million. This was ordered in a judgment by the Securities and Exchange Commission (SEC). An additional $80,000 was added as a civil penalty according to a press release from the SEC. The […]

On Dec. 4th., 2013, Springfield, Illinois financial advisor, David Matthew Lisnek, 45, was arrested for allegedly defrauding an 84-year-old Sangamon County woman out of $65,000. Lisnek had written several books on investing, including one on how to avoid being defrauded by your financial advisor. David Lisnek was employed by LPL Financial LLC. He was terminated […]

On Dec. 4th., 2013, Springfield, Illinois financial advisor, David Matthew Lisnek, 45, was arrested for allegedly defrauding an 84-year-old Sangamon County woman out of $65,000. Lisnek had written several books on investing, including one on how to avoid being defrauded by your financial advisor. David Lisnek was employed by LPL Financial LLC. He was terminated […]

According to a recent article in the New York Times, LPL Financial, has 13,300 brokers, 6,500 offices, 4.3 million customers — and a growing list of problems with regulators. LPL is now the nation’s fourth-largest brokerage firm — after Wells Fargo, Morgan Stanley and Merrill Lynch — and the largest in much of rural America--its […]