Andrea Klipfel Of Grove Point Investments, LLC And Formerly With Independent Financial Group, LLC and LPL Financial LLC Has 2 Customer Complaints For Alleged Broker Misconduct

Who is Andrea Klipfel of Grove Point Investments, LLC?

Andrea Klipfel

Andrea Klipfel (CRD #4618630) who is currently registered as a broker and investment adviser with Grove Point Investments, LLC and located in Paso Robles, California, is a subject of one of our many securities industry sales practice abuse investigations. Prior to Grove Point Investments, LLC, Andrea Klipfel was associated with Independent Financial Group, LLC, LPL Financial LLC and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

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Andrea Klipfel Customer Complaints

Andrea Klipfel has been the subject of 2 customer complaints that we know about to recover investment losses. One customer complaint was settled by Edward Jones in favor the investor. The other customer complaint filed in a FINRA arbitration proceeding against Independent Financial Group for Andrea Klipfel’s alleged misconduct is still pending.

Allegations Against Andrea Klipfel

A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:

  • Representative violated Regulation Best Interest when she liquidated a conservative, low risk portfolio to purchase highly speculative, risky mutual funds with high front-end sales charges.
  • Recommendation to purchase Franklin Gold and Precious Metals Funds was unsuitable.

Andrea Klipfel Red Flags & Your Rights As An Investor

Of course, Andrea Klipfel did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Andrea Klipfel at Grove Point Investments, LLC, Independent Financial Group, LLC and LPL Financial LLC on alert to review carefully the activity and performance of their accounts and question whether Andrea Klipfel has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Grove Point Investments, LLC, Independent Financial Group, LLC and LPL Financial LLC also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

Did You Lose Money Because of Broker Misconduct?

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If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.

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File A Claim To Recover Your Investment Losses At Grove Point Investments, LLC Due To Andrea Klipfel

If you have questions about Grove Point Investments, LLC, Independent Financial Group, LLC, LPL Financial LLC and/or Andrea Klipfel and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $170 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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