Erez Law is currently investigating former LPL Financial LLC broker Walter Squires Jr. (CRD# 1955992) regarding alternative investment losses. He was registered with Osaic Institutions, Inc. in Ansonia, Connecticut, from 2020 to 2024, and with LPL Financial LLC in Derby, Connecticut, from 2011 to 2020.
Walter Squires Jr. Customer Complaints
He has been the subject of three customer complaints between 2021 and 2021, one of which was denied, according to his CRD report:
August 2024. “Claimant alleges two alternative investments purchased in 2014 were illiquid and risky.” The customer is seeking $300,000 in damages, and the case is currently pending. The complaint was regarding real estate investment losses, and it took place while he was registered with LPL Financial LLC.
January 2024. “Customer alleged unsuitability.” The customer is seeking $5,000 in damages, and the case is currently pending.
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 Walter Squires Jr.’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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