Erez Law is currently investigating LPL Financial LLC broker Andrew Brookman (CRD# 3166671) regarding who faces complaints alleging investment losses due to stocks. He has been registered with Aegis Capital Corp. in Westport, Connecticut, since 2022. Previously, he was registered with LPL Financial LLC in Stamford, Connecticut, from 2019 to 2022, and with Oppenheimer & Co. Inc. in Stamford, Connecticut, from 2013 to 2019.
Andrew Brookman Customer Complaints
He has been the subject of four customer complaints between 2014 and 2023, one of which was withdrawn, according to his CRD report. The most recent complaints are regarding:
June 2023. “Claimant alleges that during the time period April 2021 to April 2022, Representative failed to diversify her portfolio, which caused risk that was inconsistent with her investment objectives and risk tolerance.” The case is currently pending. The complaint was regarding common and preferred stocks, and it took place while he was registered with LPL Financial LLC.
March 2022. “Customers allege that between January 2021 and September 2021, representative recommended an investment strategy in certain equities that was inappropriate for the customers’ investment objectives and risk tolerance.” The case was settled for $12,000. The complaint was regarding common and preferred stocks, and it 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 Andrew Brookman’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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