DID JOSEPH DON MALBOEUF CAUSE YOU INVESTMENT LOSSES?
Joseph Malboeuf Of LPL Financial And Formerly With Lincoln Financial Securities Has 2 Customer Complaints For Alleged Broker Misconduct
Who is Joseph Malboeuf of LPL Financial?
Joseph Malboeuf (CRD #4825607) who is currently registered with LPL Financial and located in Colchester, Vermont is a subject of one of our many securities industry sales practice abuse investigations. Prior to LPL Financial, Joseph Malboeuf was associated with Lincoln Financial Securities and other investment advisory and brokerage firms with a history of customer complaints and securities industry regulatory problems.
Joseph Malboeuf Customer Complaints
Joseph Malboeuf has been the subject of 2 customer complaints that we know about, one of those complaints was filed in the last year to recover investment losses. Both of Joseph Malboeuf’s customer complaints were settled in favor of investors.
Allegations Against Joseph Malboeuf
A sample of the allegations made in the FINRA reported arbitration claim settlements and/or pending complaints for investment losses are as follows:
- Client stated Joseph Malboeuf allegedly had contacted her and left her a message about investing. Client stated she told Mr. Malboeuf she wasn’t interested and felt it was too risky. Client stated Mr. Malboeuf contacted her again and told her he had a bond paying 8.25% interest that was guaranteed by the federal government. Client also stated Mr. Malboeuf told her she would get all of her money back in 2 1/2 years. Client stated after being assured it was a safe investment, she invested over $100,000. Client stated she learned she purchased a preferred stock and that it was not guaranteed by the federal government. Client stated this investment was blatantly misrepresented to her.
- Customer alleged Joseph Malboeuf’s failure to follow instructions with respect to allocation of account.
Joseph Malboeuf Red Flags & Your Rights As An Investor
Of course, Joseph Malboeuf 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 Joseph Malboeuf at LPL Financial and Lincoln Financial Securities on alert to review carefully the activity and performance of their accounts and question whether Joseph Malboeuf has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at LPL Financial and Lincoln Financial Securities 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 Joseph Malboeuf
If you have questions about LPL Financial, Lincoln Financial Securities, and/or Joseph Malboeuf 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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