Attention Victims of Former LPL Financial LLC Broker Beliveau Bays

LPL Financial LLC

Were you the victim of former LPL Financial LLC broker Beliveau Bays (CRD# 6034987)? Beliveau Bays has been registered with TCFG Wealth Management, LLC in Laguna Niguel, California since May 2021. Previously, Beliveau Bays was registered with LPL Financial LLC In Plano, Texas from 2019 to 2021, when he was terminated regarding: “Provided misrepresentations to Firm in response to inquiries surrounding Representative’s submission of key person life insurance applications for non-licensed assistants.”

Before then, Bays was registered with Woodbury Financial Services, Inc. in Plano, Texas from 2016 to 2019 and with Merrill Lynch, Pierce, Fenner & Smith Incorporated in Dallas, Texas from 2012 to 2016, when he was terminated regarding “Conduct including exercising discretion in a nondiscretionary client account, and discussing an annuity purchase with unauthorized family members.”

Beliveau Bays Faces Customer Complaints

Bays has been the subject of four customer complaints between 2020 and 2021, two of which were denied, according to his CRD report:

  • February 2021. “Customer alleges that the representative affixed her signature to an account application.” The case is currently pending. The complaint took place while Beliveau Bays was registered with LPL Financial LLC.
  • February 2021. “Customer alleges that the representative affixed her signature to an account application.” The case is currently pending. The complaint took place while Beliveau Bays 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 Beliveau Bays’ 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.