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Brendan O’Connor of Lincoln Financial Advisors Has 3 Customer Complaints for Alleged Broker Misconduct

Who is Brendan O’Connor of Lincoln Financial Advisors?

Brendan O’Connor (CRD #1352287) who is currently registered with Lincoln Financial Advisors and located in Red Bank, New Jersey is a subject of one of our many securities industry sales practice abuse investigations.

Brendan O’Connor Customer Complaints

Brendan O’Connor has been the subject of 3 customer complaints that we know about. Two of Brendan O’Connor’s 3 customer complaints were settled in favor of investors.

There is currently one pending customer complaint filed against Lincoln Financial Advisors for investment losses caused by Brendan O’Connor’s alleged misconduct.

Allegations Against Brendan O’Connor

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

  • The claimant alleges Brendan O’Connor improperly recommended the purchase of an unsuitable prepaid variable forward contract as a solution to the client’s concentrated stock position.
  • Brendan O’Connor’s alleged failure to follow instructions. Complainant alleges representative failed to “hold-an” on the liquidation of her account and she requested.
  • Brendan O’Connor’s customer called his office and discovered that customer requested to move out of the stock funds and into the money market funds of the variable annuities that he purchased from Mr. O’Connor. Mr. O’Connor called and advised the customer that two of the seven nationwide annuities were primarily invested in the fixed account. He agreed not to sell the stock funds in those two annuities. Mr. O’Connor spoke with other firm employee later that day to confirm that all of the trades were done successfully but the firm did not trade the stock funds in the Lincoln Choice Plus Annuity. Mr. O’Connor then contacted Lincoln, only to find that he could not authorize such trades, nor could customer authorize such trades over the phone. Mr. O’Connor notified customer of this on September 21st. Mr. O’Connor then immediately faxed a letter of authorization to him to sign and fax directly to Lincoln for processing. Mr. O’Connor received a complaint letter from customer wherein he requested reimbursement for the change in market value of the account.

Brendan O’Connor Red Flags & Your Rights as an Investor

Of course, Brendan O’Connor 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 that should put all current and former customers of Brendan O’Connor at Lincoln Financial Advisors on alert to review carefully the activity and performance of their accounts and question whether Brendan O’Connor has engaged in any stockbroker misconduct that may have caused them investment losses.

A large number of customer complaints at Lincoln Financial Advisors 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.

File A Claim to Recover Your Investment Losses at Lincoln Financial Advisors Due to Brendan O’Connor

If you have questions about Lincoln Financial Advisors and/or Brendan O’Connor 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.

Author Photo

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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