Former Parkland Securities, LLC broker Patrick Thayer (CRD# 5735955) is accused of misappropriating funds that led to investment losses. He was registered with LPL Financial LLC in Lebanon, Ohio, from 2020 to 2022. Previously, he was registered with Parkland Securities, LLC in Lebanon, Ohio, from 2014 to 2020.
In November 2022, FINRA barred him after he failed to respond to FINRA requests for information.
Patrick Thayer Customer Complaints
He has been the subject of two customer complaints between 2022 and 2023, according to his CRD report:
March 2023. “Client alleges advisor misappropriated funds from her account in 2014 – 2020.” The customer is seeking $1,300,000 in damages, and the case is currently pending. The complaint took place while he was registered with Parkland Securities, LLC.
September 2022. “Client alleges advisor misappropriated funds from her account. 01/02/2019-9/28/2022.” The customer is seeking $45,250 in damages, and the case is currently pending. 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, Parkland Securities, LLC may be liable for investment or other losses suffered by Patrick Thayer’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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