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Jimmy Maldonado Of LPL Financial And Formerly With Invest Financial And Cetera Advisors Has 2 Customer Complaints For Alleged Broker Misconduct

Who is Jimmy Maldonado of LPL Financial?

Jimmy Maldonado (CRD #2991263) who is currently registered with LPL Financial and located in Burbank, California is a subject of one of our many securities industry sales practice abuse investigations. Prior to LPL Financial, Jimmy Maldonado was associated with Invest Financial, Cetera Advisors and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Jimmy Maldonado Customer Complaints

Jimmy Maldonado has been the subject of 2 customer complaints that we know about, one of those complaints was filed in the last year to recover investment losses. One of Jimmy Maldonado’s 2 customer complaints was settled in favor of investors. One of Jimmy Maldonado’s customers’ complaints was denied and, to date, the customer has not taken any further action.

Allegations Against Jimmy Maldonado

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

  • Complaint in question involves a trade on Juniper (JNPR) which Jimmy Maldonado allegdly decided to sell based upon the “Not Held Order” given by the client as the stock was dropping fast.
  • Customer alleged Jimmy Maldonado’s misrepresentation of a Business Development Company.

Jimmy Maldonado Red Flags & Your Rights As An Investor

Of course, Jimmy Maldonado 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 Jimmy Maldonado at LPL Financial, Invest Financial, and Cetera Advisors on alert to review carefully the activity and performance of their accounts and question whether Jimmy Maldonado has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at LPL Financial, Invest Financial, and Cetera 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 LPL Financial Due To Jimmy Maldonado

If you have questions about LPL Financial, Invest Financial, Cetera Advisors, and/or Jimmy Maldonado 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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