Can you recover investment losses due to recommendations by LPL Financial LLC broker Matthew Engelau Mr. (CRD# 5233851)? He has been registered with LPL Financial LLC in Hackettstown, New Jersey, since 2007.
Matthew Engelau Mr. Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
June 2023. “Claimants allege that during the time period January 2021 to February 2023, representative employed a trading strategy which resulted in losses in their accounts.” The case was settled for $117,500. The complaint was regarding common and preferred stocks, mutual funds, and exchange traded funds (ETFs). It took place while he 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 Matthew Engelau Mr.’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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