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Michael Weinand Of LPL Financial And Formerly With KMS Financial Services Has 2 Customer Complaints For Alleged Broker Misconduct

Who is Michael Weinand of LPL Financial?

Michael Weinand (CRD #2317898) who is currently registered with LPL Financial and located in Lacey, Washington is a subject of one of our many securities industry sales practice abuse investigations. Prior to LPL Financial, Michael Weinand was associated with KMS Financial Services and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Michael Weinand Customer Complaints

Michael Weinand has been the subject of 2 customer complaints that we know about. Both of Michael Weinand’s customers’ complaints were denied and, to date, the customers have not taken any further action.

Allegations Against Michael Weinand

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

  • Client email stated that they are unhappy with American Funds performance. They believed Michael Weinand allegedly was negligent and failed to move their money into bonds.
  • Client purchased a variable life policy (face $268,000) allegedly through Michael Weinand to address the possibly precarious financial situation his wife could be in if he predeceased her by many years. Client complained to Washington insurance commissioner claiming the policy was unsuitable.

Michael Weinand Red Flags & Your Rights As An Investor

Of course, Michael Weinand 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 Michael Weinand at LPL Financial and KMS Financial Services on alert to review carefully the activity and performance of their accounts and question whether Michael Weinand has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at LPL Financial and KMS Financial Services 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 Michael Weinand

If you have questions about LPL Financial, KMS Financial Services, and/or Michael Weinand 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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