Carol Holesha, formerly with LPL Financial, Suspended Five Months from Securities Industry

Have you lost money with financial advisor Carol Holesha of Chicago, Illinois?  We are investigating allegations made by the Financial Industry Regulatory Authority (FINRA) against Carol Ann Holesha.  Holesha was suspended from the securities industry for five months regarding allegations that she borrowed $125,000 from a customer and did not disclose such to her former brokerage firm, LPL Financial.  Financial advisors generally cannot borrow money from customers, except in limited circumstances.

Carol Holesha was a financial advisor and registered representative of LPL Financial from 2009 to August 2018.  She worked at a branch office in Chicago, Illinois.  Holesha was also terminated by LPL Financial for this conduct.

Brokerage firms like LPL Financial have a responsibility to adequately supervise all representatives who are registered through their firm.  Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies.  When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Ann Arbor, Michigan; and Seattle, Washington.  We represent investors in FINRA arbitration in all 50 states, including over 150 investors in the past from throughout the Chicagoland area, Northern Illinois, and Central Illinois.

Attorney David Neuman was born in Berwyn, Illinois and grew up in the western suburbs in Addison.  He earned a degree in Finance at the University of Illinois in Urbana-Champaign before earning his law degree at Northern Illinois University in DeKalb, Illinois.  Mr. Neuman also previously worked for a number of Chicago area law firms, including firms in St. Charles, Geneva, Chicago, and Barrington.

Click to view:  Holesha, Carol FINRA AWC

Click to view:  Holesha, Carol BrokerCheck 11.16.18

If you lost money with Carol Holesha or LPL Financial, please CONTACT US at 720-599-3505 for a free evaluation of your case.

Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency.  Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency.  All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact.  This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice.  Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis.  In contingent representation, clients may still be liable for costs.