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Steven Champagne Of LPL Financial, Private Advisor Group And Formerly With Morgan Stanley Has 5 Customer Complaints For Alleged Broker Misconduct

Who is Steven Champagne of LPL Financial?

Steven Champagne (CRD #4169488) who is currently registered with LPL Financial, Private Advisor Group and located in Sevierville, Tennessee is a subject of one of our many securities industry sales practice abuse investigations. Prior to LPL Financial, Private Advisor Group, Steven Champagne was associated with Morgan Stanley and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.

Steven Champagne Customer Complaints

Steven Champagne has been the subject of 5 customer complaints that we know about. One of Steven Champagne’s 5 customer complaints was settled in favor of investors. Two of Steven Champagne’s customers’ complaints were denied and, to date, the customers had not taken any further action. There are currently two pending customer complaints filed against MSSB for investment losses caused by Steven Champagne’s alleged misconduct.

Allegations Against Steven Champagne

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

  • Claimants alleged, inter alia, Steven Champagne solicited outside investment opportunities not authorized.
  • Claimants alleged, inter alia, conversion of funds and selling away with respect to outside investment purchased allegedly through Steven Champagne.
  • Clients alleged, inter alia, that the purchases of stock in their accounts were unauthorized.
  • Written complaint from client alleges Steven Champagne’s unsuitability with regard to a REIT purchased.
  • Written complaint, submitted by third party, POA, alleges Steven Champagne’s unsuitable investment recommendations with regard to a variable annuity purchased.

Steven Champagne Red Flags & Your Rights As An Investor

Of course, Steven Champagne 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 Steven Champagne at LPL Financial, Private Advisor Group and Morgan Stanley on alert to review carefully the activity and performance of their accounts and question whether Steven Champagne has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at LPL Financial, Private Advisor Group and Morgan Stanley 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 Steven Champagne

If you have questions about LPL Financial, Private Advisor Group, Morgan Stanley, and/or Steven Champagne 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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