Can you recover losses due to recommendations by former LPL Financial LLC broker Christopher Riggs (CRD# 4133082)? He has been registered with LPL Financial LLC in Petersburg, Virginia, from 2007 to 2023.
Christopher Riggs Customer Complaints
He has been the subject of five customer complaints between 2004 and 2024, two of which were denied, according to his CRD report. The most recent complaints were regarding:
May 2024. “Customers allege that investments made in 2014 were unsuitable for the customers’ investment objectives and risk tolerance.” The case is currently pending. The complaint was regarding real estate security losses.
November 2020. “Customer alleges unsuitable investment recommendations with respect to the purchases of certain investments in his brokerage account. activity period: 8/2014 – 11/2020.” The customer sought $65,000 in damages, and the case was settled for $25,000. The complaint was regarding real estate security losses.
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 Christopher Riggs’ 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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