Investigation of Gerard Fagnant and LPL Financial
Have you lost money with financial advisor Gerard Fagnant of Leominster, Massachusetts? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Gerard A. Fagnant. FINRA barred Fagnant from the securities industry after he allegedly borrowed $325,000 from firm customers. FINRA alleged that Fagnant violated securities rules and the policies of his brokerage firm, LPL Financial, by borrowing money from customers between June 2013 and September 2014.
Gerard Fagnant was a financial advisor and registered representative of LPL Financial from November 2011 to April 2015. He worked at a branch office in Leominster, Massachusetts.
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 and the Seattle area. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Massachusetts. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including LPL Financial, Merrill Lynch, Morgan Stanley, Smith Barney, Stifel Nicolaus & Company, UBS Financial Services, Oppenheimer, Charles Schwab, Wells Fargo Advisors, Ameriprise Financial Services, Raymond James, ProEquities, Securities America, National Securities Corp., and many others.
Click to view: Fagnant FINRA AWC
Click to view: Fagnant BrokerCheck 4.20.16
HAVE YOU LOST MONEY WITH GERARD FAGNANT OR LPL FINANCIAL?
CONTACT ISRAELS & NEUMAN, PLC FOR A FREE CASE EVALUATION
Denver Office: (720) 599-3505
Seattle Office: (206) 795-5798