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James Couture Formerly With LPL Financial LLC Has 5 Customer Complaints For Alleged Broker Misconduct

Who is James Couture LPL Financial LLC?

James Couture (CRD #4406284) who was formerly registered with LPL Financial LLC and located in Worcester, Massachusetts, is a subject of one of our many securities industry sales practice abuse investigations.  Prior to LPL Financial LLC, James Couture was associated with other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

James Couture has had his own share of regulatory problems. In November 2022, the United States SEC initiated and settled a administrative proceeding against him for allegedly misappropriating approximately $2.9 million from approximately 6 investors. In a related matter, FINRA permanently barred James Couture from any further association with any FINRA member firm for failing to cooperate in its investigation of the matter.

James Couture Customer Complaints

James Couture has been the subject of 5 customer complaints that we know about to recover investment losses. Four of the customer complaints were by LPL Financial settled in favor of the investors for $270,000, $50,000, $2,375,000, and $480,000. The brokerage firm denied the other customer complaint, and, it appears to date no further action has been taken.

Allegations Against James Couture

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

  • Misappropriation.
  • Falsified statements to cover up purported investments and misappropriation.
  • Advisor took money from his accounts to repay another client.

James Couture Red Flags & Your Rights As An Investor

Of course, James Couture 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 James Couture at LPL Financial LLC on alert to review carefully the activity and performance of their accounts and question whether James Couture has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at LPL Financial LLC also raises questions about the brokerage firm’s 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 LPL Financial LLC Due To James Couture

If you have questions about LPL Financial LLC and/or James Couture 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 $160 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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