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Andy Rampersaud Of LPL Financial LLC And Formerly With Securities America, Inc. Has 5 Customer Complaints For Alleged Broker Misconduct

Who is Andy Rampersaud of LPL Financial LLC?

Andy Rampersaud

Andy Rampersaud (CRD #4030919) who is currently registered as a broker and investment adviser with LPL Financial LLC and located in Oviedo, Florida, is a subject of one of our many securities industry sales practice abuse investigations. Prior to LPL Financial LLC, Andy Rampersaud was associated with Securities America, Inc. and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

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Andy Rampersaud Customer Complaints

Andy Rampersaud has been the subject of 5 customer complaints that we know about to recover investment losses. One customer complaint was settled by Cambridge Investment Research in favor of the investor. Two of Andy Rampersaud’s former employers denied customer complaints and the investors took no further action. There is currently one arbitration proceeding recently filed against Securities America, Inc. for the advisor’s alleged misconduct that is still pending.

Allegations Against Andy Rampersaud

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

  • Advisor executed a speculative strategy in customer’s account that was inconsistent with her instructions, needs and financial condition.
  • Failure to disclose restrictions on withdrawals related to REIT investment.
  • Recommendation of unsuitable REIT investments.
  • Failure to follow client’s instructions.

Andy Rampersaud Red Flags & Your Rights As An Investor

Of course, Andy Rampersaud 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 Andy Rampersaud at LPL Financial LLC and Securities America, Inc. on alert to review carefully the activity and performance of their accounts and question whether Andy Rampersaud has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at LPL Financial LLC and Securities America, Inc. 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.

Need Legal Help? Let’s talk.

or, give us a ring at 561-338-0037.

File A Claim To Recover Your Investment Losses At LPL Financial LLC Due To Andy Rampersaud

If you have questions about LPL Financial LLC, Securities America, Inc. and/or Andy Rampersaud 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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