Warning to Investors: LPL Financial LLC Broker Samuel Izaguirre Alternative Investment Losses
Posted on Tuesday, October 20th, 2020 at 12:02 am
Erez Law is interested in speaking with investors who may have suffered losses due to investments with LPL Financial LLC broker Samuel Izaguirre (CRD# 4835113). Izaguirre has been registered with LPL Financial LLC in Miami Lakes, Florida since 2011. Independent Financial Partners in Pembroke Pines, Florida from 2015 to 2018 and with LPL Financial LLC in Ft Lauderdale, Florida from 2011 to 2015.
Izaguirre has been the subject of three customer complaints between 2010 and 2020, according to his CRD report. Recent complaints are regarding:
July 2020. “Claimant alleges losses in connection with her investments in alternative investments and an annuity. Claimant alleges she was misled about the details of the investments and therefore, incurred damages as a result of her purchases. Activity period: 5/8/14 to present.” The customer is seeking $600,000 in damages and the case is currently pending. The complaint was regarding variable annuities and alternative investments and took place while Izaguirre was registered with LPL Financial LLC.
August 2019. “Claimant alleges breach of contract, breach of fiduciary duty, negligence, violations of FINRA rules, misrepresentation, and failure to supervise on behalf of respondent LPL. Activity period: 12/14/13.” The complaint was regarding $93,000 in damages and the case was settled for $39,000. The complaint was regarding real estate securities and took place while Izaguirre 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, LPL Financial LLC may be liable for investment or other losses suffered by Izaguirre’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.