LPL Financial LLC broker Derek Copeland (CRD# 4347572) is accused of stock losses. He was registered with LPL Financial LLC in Charlotte, North Carolina, from 2020 to 2023, when he was terminated regarding, “Failed to disclose outside business activities to Firm.” He was registered with Independent Advisor Alliance in Charlotte, North Carolina, from 2020 to 2023, when he was terminated related to allegations that he “Failed to disclose outside business activities to Firm.” He was registered with Spire Securities, LLC in Charlotte, North Carolina, from 2017 to 2020, and Morgan Stanley in Charlotte, North Carolina, from 2009 to 2017.
Derek Copeland Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
March 2023. “Customer alleges representative made unsuitable recommendations during the period of September 2021 to January 2023.” The customer sought $1,500,000 in damages, and the case was settled for $175,000. The complaint was regarding common and preferred stocks, options, and real estate securities. 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 Derek Copeland’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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