DID KARRY JEAN MACIAK CAUSE YOU INVESTMENT LOSSES?
Karry Maciak Of LPL Financial LLC Has 3 Customer Complaints For Alleged Broker Misconduct
About Karry Maciak of LPL Financial LLC?
Karry Maciak (CRD #4332863) boasts extensive experience in the financial industry, currently registered with LPL Financial LLC in Walnut Creek, CA since October 2, 2013. Over his career, he has been affiliated with multiple firms, including previous registrations with BancWest Investment Services, Inc., Chase Investment Services Corp., Wamu Investments, Inc., Wachovia Securities, LLC, Atlas Securities, LLC, and UBS PaineWebber Inc. Maciak has passed a total of five securities industry exams: one principal/supervisory exam (Series 24), two general industry/product exams (Series 7 and Securities Industry Essentials), and two multi-state securities law exams (Series 65 and 66). He is currently licensed in 14 U.S. states and territories.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Karry Maciak Customer Complaints and Reviews
Karry J. Maciak’s report indicates three customer disputes:
- Customer Dispute (Resolved): A dispute regarding issues of suitability and misrepresentation with Mechanics Investment Services was filed on September 21, 2023, involving a real estate security and alleged damages of $25,000. The complaint was denied on October 19, 2023, with Maciak asserting that the investment was disclosed adequately and suited the client’s objectives.
- Pending Customer Dispute: Filed on March 19, 2024, with LPL Financial LLC, this involves a 2014 investment deemed unsuitable for the customer’s objectives and risk tolerance. No specific settlement or resolution is yet reached, with ongoing proceedings in FINRA arbitration (Case #24-00611).
- Pending Customer Dispute: Initiated on October 23, 2023, this dispute alleges unsuitable investment recommendations concerning REITs between 2013 and 2015, claiming $60,000 in damages. The case is also under FINRA arbitration (Case #23-02573) with Maciak denying any wrongdoing and defending the suitability of the investments.
Allegations Against Karry Maciak
The allegations and accusations in the customer disputes against Karry J. Maciak include:
- Allegations of Unsuitability and Misrepresentation (Resolved): Concerned a real estate security, where the client alleged damages of $25,000 due to suitability issues and misrepresentation, ultimately denied by Maciak.
- Pending Allegation of Unsuitability (2014 Investment): The customer alleges that the investment made in 2014 was unsuitable based on her investment objectives and risk tolerance. The case is still under FINRA arbitration.
- Pending Allegation of Unsuitable Investment Recommendations (2013-2015): Involves claims regarding REIT investments recommended during 2013 to 2015, deemed unsuitable according to the client’s objectives and risk tolerance, with claimed damages amounting to $60,000. This matter is currently pending in FINRA arbitration.
These summaries reflect Maciak’s professional background and the disputes associated with his practice, providing a comprehensive view for potential investors.
Karry Maciak Red Flags & Your Rights As An Investor
Of course, Karry Maciak 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 Karry Maciak at LPL Financial LLC on alert to review carefully the activity and performance of their accounts and question whether Karry Maciak has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at LPL Financial LLC also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At LPL Financial LLC Due To Karry Maciak
If you have questions about LPL Financial LLC and/or Karry Maciak 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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