Erez Law is currently investigating former LPL Financial LLC broker Michael Graham (CRD# 3263494) regarding private securities losses. He was registered with LPL Financial LLC in El Paso, Texas, from 2019 to 2025, when he was terminated regarding, “Failed to disclose and receive prior approval for participation in a prohibited outside business activity; participated in and directed clients to private investments.” He was registered with Principal Securities, Inc. in El Paso, Texas, from 2012 to 2019.
Michael Graham Customer Complaints
He has been the subject of 12 customer complaints between 2005 and 2026, one of which was denied, according to his CRD report. The most recent complaints were regarding:
May 2026. “Client alleges the advisor misrepresented guaranteed principal and returns on a secured loan related to a real estate deal.” The customer is seeking $40,000 in damages. The complaint was regarding private securities losses.
May 2026. “Client alleges the advisor misrepresented guaranteed principal and returns on a secured loan related to a real estate deal.” The customer is seeking $90,000 in damages.
February 2026. “Client alleges the advisor misrepresented guaranteed principal and returns on a secured loan related to a real estate deal in February of 2023.” The customer is seeking $150,000. The complaint was regarding private securities losses.
February 2026. “Client alleges the advisor misrepresented guaranteed principal and returns on a secured loan related to a real estate deal.” The customer is seeking $90,000 in damages. The complaint was regarding private securities losses.
February 2026. “Client alleges the advisor misrepresented guaranteed principal and returns on a secured loan related to a real estate deal.” The customer is seeking $54,500 in damages. The complaint was regarding private securities losses.
February 2026. “Client alleges the advisor misrepresented guaranteed principal and returns on a secured loan related to a real estate deal.” The customer is seeking $200,000 in damages. The complaint was regarding non-broker-dealer-affiliate product losses.
February 2026. “Client alleges the advisor misrepresented guaranteed principal and returns on a secured loan related to a real estate deal in February of 2023.” The customer is seeking $145,000 in damages. The complaint was regarding non-broker-dealer-affiliate product losses.
January 2026. “Client alleges the advisor misrepresented guaranteed principal and returns on a secured loan related to a real estate deal.” The customer is seeking $70,000 in damages. The complaint was regarding non-broker-dealer-affiliate product losses.
November 2025. “10/01/2022 – Present Advisor fraudulently offered a short term loan note with 150% return.” The customer sought $375,000 in damages, and the case was settled for $115,000. The complaint was regarding a short-term loan with a non-LPL Financial LLC firm, known as selling away.
January 2025. “Customer alleges that an investment made in 2023 was unsuitable for the customer’s investment objectives and risk tolerance and that the registered representative engaged in securities transactions away from the firm.” The customer sought $276,200 in damages, and the case was settled for $175,000. The complaint was regarding private securities.
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 Michael Graham’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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