Financial Industry Regulatory Authority (FINRA) BrokerCheck shows disclosures about securities broker Walter Frank Squires Jr. [CRD: 1955992, Derby, Connecticut]. Squires worked for LPL Financial LLC from 2011 to 2020 and Osaic Institutions Inc. from 2020 to 2024. Recent complaints allege that Squires engaged in unsuitable investment recommendations during his time at the firm. Read on to learn more about the details of these allegations and how they have impacted Squires' career.
Client Alleged Inappropriate Alternative Investments
On August 7, 2024, a client made a complaint against LPL Financial LLC, alleging that two alternative real estate investments purchased in 2014 were risky and illiquid. The client is seeking damages in FINRA Arbitration No. 24-01699.
Investors Accuse Walter Squires Jr. Of Unsuitable Recommendations
On January 30, 2024, a client of LPL Financial LLC made a complaint about Walter Squires Jr. The client alleged that Squires made unsuitable recommendations regarding alternative investments during his association with LPL Financial. The client is seeking damages for the alleged harm caused by these investment recommendations. This matter is currently pending a resolution.
Unsuitable BDCs, REITs Alleged By LPL Client
Prior to this, Squires was involved in another client complaint on February 4, 2021. In that case, the client accused Squires of recommending unsuitable investments in business development companies and REITs while he worked for LPL Financial. The client asked for damages, but the complaint was denied on February 4, 2021, with no compensation awarded.
Contact Soreide Law About Walter Squires Jr. Today
For more information, contact Soreide Law Group online or at (888) 760-6552 to speak with a securities attorney. Squires and the brokerage firms he worked for deny accusations of sales practice violations. Soreide Law Group has experience representing investors throughout the country. The firm handles cases on a contingency basis.
