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Jeffrey Labelle Formerly With LPL Financial LLC and First Allied Securities, Inc. Has 29 Customer Complaints For Alleged Broker Misconduct

Who is Jeffrey Labelle formerly with LPL Financial LLC?

Jeffrey Labelle

Jeffrey Labelle (CRD #1547518) who was formerly registered with LPL Financial LLC and located in Sarasota, Florida, is a subject of one of our many securities industry sales practice abuse investigations. Prior to LPL Financial LLC, Jeffrey Labelle was associated with First Allied Securities, Inc. and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

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Jeffrey Labelle Customer Complaints

Jeffrey Labelle has been the subject of 29 customer complaints that we know about seeking to recover investment losses. Fourteen of those customer complaints were settled by Jeffrey Labelle’s former employers in favor of the investors. Only one complaint was denied by Woodberry financial, and the investor took no further action. There are currently 14 pending FINRA arbitration proceedings filed against Jeffrey Labelle’s former employers for his alleged misconduct.

Allegations Against Jeffrey Labelle

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

  • Unsuitable recommendations to purchase REITs.
  • Breach of fiduciary duty, failure to supervise and negligence in connection with real estate security investments.
  • Unsuitable recommendations to purchase business development companies.
  • Suitability, negligence, breach of fiduciary duty and breach of contract related to REIT investments.
  • Overconcentration of customers assets in alternative investments.
  • Misrepresentation, negligence, and breaches of duty and contract.
  • Overconcentration of illiquid investments.
  • Violation of FINRA rules of conduct.
  • Breach of fiduciary duty, negligence misrepresentation related to REITs and private preferred stocks of an oil and gas Corporation.
  • Fraudulent representations in connection with equity indexed annuity.
  • Alternative investments were unsuitable.

Jeffrey Labelle Red Flags & Your Rights As An Investor

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

If you have questions about LPL Financial LLC, First Allied Securities, Inc.  and/or Jeffrey Labelle 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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