DID JEFFREY GUY LABELLE CAUSE YOU INVESTMENT LOSSES?
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 (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.