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Robert Edward Micone formerly with LPL Financial LLC Has 2 Customer Complaints For Alleged Broker Misconduct In the Past 2 Years

Who is Robert E. Micone formerly with LPL Financial LLC?

Robert Micone (CRD #2417434) who was formerly registered with LPL Financial LLC and located in Irvine, California is a subject of one of our many securities industry sales practice abuse investigations. Prior to LPL Financial LLC, Robert Micone was associated with 4 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, Robert Micone has been the subject of 3 customer complaints that we know about, 2 of those complaints were filed in the last two years to recover investment losses. One of Robert Micone’s 3 customer complaints resulted in an arbitration award in favor of the investor and the other settled in favor of investors. There is currently 1 pending customer complaint filed against Robert Micone’s former employer LPL Financial LLC for investment losses caused by his alleged misconduct.

Allegations Against Robert Micone

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

  • Claimant allegations of breach of fiduciary duty, breach of contract, fraud, and negligence resulted in an arbitration award in the investor’s favor.
  • Claimant alleged breach of contract, breach of fiduciary duty, negligence, violations of FINRA rules, fraud, connection with the offer and sale of real estate securities.
  • Claimants allege that the invested in a REIT and a business development company upon their brokers misleading recommendations which was unsuitable in light of the conservative investment profile. All of the investments involve private placements.

Robert Micone Red Flags & Your Rights As An Investor

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