Erez Law Investigates LPL Financial LLC Broker Thomas Fross
Posted on Tuesday, December 8th, 2020 at 8:22 pm
Did you lose money investing with LPL Financial LLC broker Thomas Fross (CRD# 4509874)? Fross has been registered with LPL Financial LLC in The Villages, Florida since 2018.
Fross has been the subject of five customer complaints between 2008 and 2020, according to his CRD report. The most recent complaint is regarding:
June 2020. “Customer alleges failure to follow instructions with respect to unsuitable portfolio changes. Activity period: 3/26/20 to 8/21/20.” The customer is seeking $119,716.05 in damages and the case is currently pending. The complaint was regarding common and preferred stocks.
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 Fross’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.