Greg J. Campbell, a financial advisor from Ladue, Missouri, was sentenced to 38 months in prison, restitution in the amount of $1,851,956, and was ordered to forfeit his home. He pled guilty to diverting more than $1.8 million from client retirement accounts to finance his lavish lifestyle. According to court documents, from June 2006 until […]

Greg J. Campbell, a financial advisor from Ladue, Missouri, was sentenced to 38 months in prison, restitution in the amount of $1,851,956, and was ordered to forfeit his home. He pled guilty to diverting more than $1.8 million from client retirement accounts to finance his lavish lifestyle. According to court documents, from June 2006 until […]

Soreide Law Group- Securities Arbitration Law Firm - (888) 760-6552 stated in a blog from this website dated March 13th., 2013, LPL Financial, LLC, 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. LPL’s explosive growth has brought the […]

Securities Lawyer, Lars Soreide of Soreide Law Group, PLLC, recently announced that he is investigating claims against Linsco Private Ledger (LPL Financial) for investors who have suffered losses by former LPL broker Alberto Neira. The clients of former LPL representative Alberto Neira were solicited to invest in the now defunct Silver Oak Leasing – a […]

Last week LPL Financial Holdings agreed to pay $2.5 million in fines and restitution for improperly supervising brokers who sold non-traded real estate investment trusts. (Please note that LPL neither admitted nor denied wrongdoing.) These non-traded REITs are high-yielding and very popular. These non-traded REITs have jumped about 50% since 2009, to $65 billion. They […]

In an article in the Wall Street Journal, Feb. 11, 2013, Matthew Heimer writes that ever since the Federal Reserve started pushing interest rates to new lows, it’s been a common theme for retirees and other conservative investors accepting more risk to get a decent income from their portfolios. Last week LPL Financial Holdings agreed […]

In a February 14th., 2012, article in InvestmentNews.com, Bruce Kelly writes that LPL Financial, LLC, is on the hook for a $1.4 million arbitration awarded to an elderly couple who bought real estate deals. According to the attorney for the plaintiffs, the property investments relied on “tricks” to boost their yields before they collapsed. Heinrich […]

In a November 23, 2011, article in FA Magazine, Karen DeMasters writes that LPL Financial has been fined $100,000 for failing to properly oversee one of its brokers in Oregon who sold risky investments to people, many of them elderly and without the mental capacity to make investment decisions. It was reported that the Oregon […]

In an August 4, 2011, article by Bruce Kelly for InvestmentNews.com he writes that after avoiding the pitfalls of disastrous Regulation D deals during the past decade, Commonwealth Financial Network and LPL Financial, LLC, are contending with potential fallout from a real estate private placement that faces pressure from its creditors. Kelley writes that financial advisers […]