| Read Time: 2 minutes |


Lyle Boudreaux Formerly With TCFG Wealth Management And Independent Financial Group Has 5 Customer Complaints For Alleged Broker Misconduct

Who is Lyle Boudreaux formerly with TCFG Wealth Management?

Lyle Boudreaux (CRD #4303420) who was formerly registered with TCFG Wealth Management and located in Houston, Texas is a subject of one of our many securities industry sales practice abuse investigations. Prior to TCFG Wealth Management, Lyle Boudreaux was associated with Independent Financial Group and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Lyle Boudreaux has had his own regulatory problems in the State of Texas.  When he last attempted registration as a securities broker in that state, he was investigated for allegedly trading high risk leveraged exchange traded funds in certain clients account and ultimately agreed to a denial of his application and not to reapply for registration with the State of Texas for a period of one year.

Lyle Boudreaux Customer Complaints

Lyle Boudreaux has been the subject of 5 customer complaints that we know about.  All of Lyle Boudreaux’s 5 customer complaints were settled in favor of investors.

Allegations Against Lyle Boudreaux

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

  • Client alleged Lyle Boudreaux’s breach of fiduciary duty, mismanagement, and failure to disclose material information with regard to an ETF and an alternative investment.
  • Client alleged Lyle Boudreaux’s investments were not appropriate/suitable.
  • Client allegedly suffered losses as a result of an ETF position in an advisory account allegedly made by Lyle Boudreaux.
  • Client allegedly suffered losses in an advisory account due to an ETF position that he claims was inappropriate allegedly made by Lyle Boudreaux.
  • Statement of claim alleged Lyle Boudreaux’s breach of contract, violation of state securities laws, and negligence in connection with leveraged ETFs purchased.

Lyle Boudreaux Red Flags & Your Rights As An Investor

Of course, Lyle Boudreaux 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 Lyle Boudreaux at TCFG Wealth Management and Independent Financial Group on alert to review carefully the activity and performance of their accounts and question whether Lyle Boudreaux has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at TCFG Wealth Management and Independent Financial Group 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 TCFG Wealth Management Due To Lyle Boudreaux

If you have questions about TCFG Wealth Management, Independent Financial Group, and/or Lyle Boudreaux 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.

Rate this Post

1 Star2 Stars3 Stars4 Stars5 Stars