Former LPL Financial LLC Broker Joe Franklin Investment Loss Options
Posted on Monday, February 1st, 2021 at 8:44 pm
Erez Law is currently investigating former LPL Financial LLC broker Joe Franklin (CRD# 2673133) regarding investment losses. Franklin was registered with LPL Financial LLC in Hixson, Tennessee from 2010 to April 2020.
Franklin has been the subject of three customer complaints between 2007 and 2020, two of which were denied, according to his CRD report:
November 2020. “Claimants allege that they invested in Franklin Square BDCS, Hines Global REIT, HMS Income Fund, WP Carey, CIM Real Estate Financial Trust, KGS Real Estate Trust and CION Investment Corp upon their broker’s misleading recommendation, which did not suit their allegedly conservative investment profile. Activity period: 6/2010 to 9/2019.” The customer is seeking $153,000 in damages and the case is currently pending. The complaint was regarding real estate securities and business development companies (BDCs).
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 Franklin’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and 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.