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Nicholas Joseph Travascio III formerly with LPL Financial LLC Has 3 Customer Complaints For Alleged Broker Misconduct In the Past 2 Years

Who is Nicholas J. Travascio III formerly with LPL Financial LLC?

Nicholas Travascio (CRD #2581756) who was formerly registered with LPL Financial LLC and located in Hurst, Texas is a subject of one of our many securities industry sales practice abuse investigations. Prior to LPL Financial LLC, Nicholas Travascio was associated with 5 other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

LPL Financial LLC Broker Misconduct

In his career, Nicholas Travascio has been the subject of 4 customer complaints that we know about, 3 of those complaints were filed in the last two years to recover investment losses. Two of Nicholas Travascio’s 4 customer complaints were settled in favor of investors. One customer complaint was denied by LPL financial, LLC, and the customer has yet to take any further action. There is currently one pending customer complaint filed against Nicholas Travascio’s former employer LPL Financial LLC for investment losses caused by his alleged misconduct.

Allegations Against Nicholas Travascio  

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

  • Registered representative allegedly recommended an unsuitable REIT investment.
  • Customer allege that the financial advisor made recommendations to purchase alternative investments in the real estate industry.
  • Customer allege that the financial advisor misrepresented a REIT investment.
  • Claimants alleged that their financial professional recommended that they invest in several REIT which were unsuitable and in light of their investment objectives and financial condition. Further, claimants alleged that account was overly concentrated in not appropriately diversify.

Nicholas Travascio Red Flags & Your Rights As An Investor

Of course, Nicholas Travascio 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 Nicholas Travascio at LPL Financial LLC on alert to review carefully the activity and performance of their accounts and question whether Nicholas Travascio has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at LPL Financial LLC about Nicholas Travascio also raises questions about its 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 LLC

If you have questions about LPL Financial LLC and/or Nicholas Travascio 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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