Erez Law is currently investigating LPL Financial LLC broker Sharif Sharif (CRD# 2343413) regarding who is accused of unsuitable investment recommendations. He was registered with LPL Financial LLC in Elmhurst, Illinois from 2018 to 2023, when he was terminated regarding, “inadequate disclosure of outside business activity. Participated in private investments without notice to firm.” Previously, he was registered with Woodbury Financial Services, Inc. in Elmhurst, Illinois from 2007 to 2018.
Sharif Sharif Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
June 2022. “Complaint alleged unsuitability and misrepresentation of private placement investment (3/1/22-7/05/22).” The case was settled for $500,000.
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 Sharif Sharif’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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