LPL Financial LLC Broker Kathryn Hackney Accused of Unsuitable Investment Recommendations

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Erez Law is currently investigating LPL Financial LLC broker Kathryn Hackney (CRD# 1548894), who is accused of unsuitable investment recommendations. She has been registered with LPL Financial LLC in Orange, California, since 2022. Previously, he was registered with Cuna Brokerage Services, Inc. in Orange, California, from 2018 to 2022, and with LPL Financial LLC in Lake Forest, California, from 2009 to 2018.

Kathryn Hackney Customer Complaints

She has been the subject of two customer complaints between 2006 and 2023, one of which was denied, according to her CRD report:

November 2023. “Claimant alleges representative made an unsuitable recommendation to purchase REITs in 2016.” The customer is seeking $150,000 in damages, and the case is currently pending. The complaint was regarding real estate securities losses, 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 Kathryn Hackney’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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Author: Jeffrey Erez

The founder of Erez Law, Jeffrey Erez, focuses exclusively on securities arbitration and litigation. Mr. Erez passionately believes in representing aggrieved investors and obtaining justice for his clients through litigation.