Erez Law is currently investigating former LPL Financial LLC broker Michael Rudio (CRD# 6322313) regarding structured product losses. He has been registered with Purshe Kaplan Sterling in Atlanta, Georgia, since 2021, and Phase Line Capital, LLC in Atlanta, Georgia, since 2021. He was registered with LPL Financial LLC in Atlanta, Georgia, from 2017 to 2021.
Michael Rudio Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
January 2024. “Claimants allege that during the time period December 2020 to November 2021, representative recommended unsuitable investments in structured products.” The case is currently pending. The complaint was regarding structured product losses, and 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 Michael Rudio’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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