Were you the victim of LPL Financial LLC broker Robert Earls Jr. (CRD# 1369915)? He has been registered with LPL Financial LLC in Roanoke, Virginia, since 2001.
In February 2024, the US Department of Justice for the Western District of Virginia opened an investigation regarding: “The US Department of Justice is conducting a grand jury investigation of Representative related to allegations of misappropriation in customers’ accounts.”
Robert Earls Jr. Customer Complaints
He has been the subject of five customer complaints in 2024, according to his CRD report:
May 2024. “Customer alleges that an investment made in 2014 was unsuitable for the customer’s investment objectives and risk tolerance.” The case is currently pending. The complaint was regarding real estate securities.
March 2024. “Customer made a verbal complaint alleging failure to follow instructions to sell stock shares. The complaint settled for $21,139,08 on 3/22/24.” The case was settled for $21,139.08. The complaint was regarding common and preferred stocks.
March 2024. “From approximately June 2010 through February 2023, Claimant states she provided funds to the advisor which she believed were being invested in outside investment accounts, but no such accounts exist at LPL.” The customer is seeking $1,100,000 in damages, and the case is currently pending.
March 2024. “Customer has worked with advisor since October 2021. Allegations are about funds withdrawn in October 2023 that were not returned to customer.” The customer is seeking $20,000 in damages, and the case is currently pending.
February 2024. “From 2015 through 2024, customer alleges that advisor misappropriated funds.” The case is currently pending.
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 Robert Earls Jr.’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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