Sanders Spangler, formerly with LPL Financial, Barred from Securities Industry
Have you lost money with financial advisor Sanders Spangler of San Antonio, Texas? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Sanders L. Spangler. FINRA barred Spangler from the securities industry after he failed to respond to a FINRA investigation. FINRA was investigating Spangler after he was terminated by his former brokerage firm, LPL Financial, regarding allegations that exercised discretionary power in customer accounts without permission to do so.
Sanders Spangler was a financial advisor and registered representative of LPL Financial from 2005 to March 2017. He worked at a branch office in San Antonio, Texas. Spangler has been the subject of at least five customer cases, some of which complain about concentrations in oil, gas, and energy stocks, as well as mutual funds and private placements. He also operated a company called Spangler Financial Services.
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; Seattle, Washington; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors throughout Texas and the San Antonio area. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including LPL Financial.
Click to view: Spangler, Sanders FINRA AWC
Click to view: Spangler, Sanders BrokerCheck 3.27.18
If you lost money with Sanders Spangler 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.