Can you recover losses due to recommendations by former LPL Financial LLC broker Richard Haupt (CRD# 4212929)? He has been registered with TIAA-CREF Individual & Institutional Services, LLC in Frisco, Texas, since 2022. He was registered with Allstate Financial Services, LLC in Irving, Texas, from 2016 to 2020, and LPL Financial LLC from Casa Grande, Arizona, from 2010 to 2015.
Richard Haupt Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
May 2024. “Customer alleges that an investment made in 2013 was unsuitable for the customer’s investment objectives and risk tolerance.” The case is currently pending. It was regarding real estate security losses. The complaint took place while he was registered with LPL Financial LLC.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, LPL Financial LLC may be liable for investment or other losses suffered by Richard Haupt’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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