Erez Law is currently investigating former LPL Financial LLC broker Michael Graham (CRD# 3263494) regarding private securities losses. He was registered with LPL Financial LLC in El Paso, Texas, from 2019 to 2025, when he was terminated regarding, “Failed to disclose and receive prior approval for participation in a prohibited outside business activity; participated in and directed clients to private investments.” He was registered with Principal Securities, Inc. in El Paso, Texas, from 2012 to 2019.
Michael Graham Customer Complaints
He has been the subject of two customer complaints between 2005 and 2025, according to his CRD report. The most recent complaint was regarding:
January 2025. “Customer alleges that an investment made in 2023 was unsuitable for the customer’s investment objectives and risk tolerance and that the registered representative engaged in securities transactions away from the firm.” The customer is seeking $276,200 in damages, and the case is currently pending. The complaint was regarding private securities.
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 Michael Graham’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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