Former Securities Service Network, LLC broker Adam Lunceford (CRD# 4686499) faces customer complaints for unsuitable investment recommendations. Lunceford has been registered with LPL Financial LLC in Scottsdale, Arizona, since 2013. Previously, Lunceford was registered with Securities Service Network, Inc. in Scottsdale, Arizona, from 2010 to 2013.
A REIT is a company, modeled after mutual funds, that owns or finances income-producing real estate and provide investors of all types regular income streams, diversification and long-term capital appreciation. Unlike other real estate investments, REITs are often entirely illiquid. Non-traded REITs hold additional risks for investors because they often feature limited redemption programs, high fees and commissions, and internal conflicts of interest. Unlike stocks on the New York Stock Exchange, REITs are not publicly traded and cannot be sold through an exchange, only through secondary market auctions.
Adam Lunceford Customer Complaints
He has been the subject of two customer complaints between 2014 and 2025, one of which was denied, according to his CRD report:
August 2025. “Customer alleges that an investment made in July of 2013 was unsuitable for the customer’s investment objectives and risk tolerance.” The customer is seeking $140,000 in damages.
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, Securities Service Network, LLC may be liable for investment or other losses suffered by Adam Lunceford’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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