LPL Financial LLC Broker Patrick Naughton Investment Losses
Posted on Monday, July 19th, 2021 at 6:30 pm
Were you the victim of LPL Financial LLC broker Patrick Naughton (CRD# 2180840)? Naughton has been registered with LPL Financial LLC in Waterbury, Connecticut since 2011.
Naughton has been the subject of two customer complaints between 2008 and 2020, according to his CRD report. The most recent complaint is regarding:
December 2020. “Alleges that his financial professional recommended that he invest in a REIT which was unsuitable for his investment portfolio. Activity period: 1/2014 to 12/2020.” The customer is seeking $180,000 in damages and the case is currently pending. The complaint was regarding real estate 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 Naughton’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.