DID LAWRENCE WILBERT NACK CAUSE YOU INVESTMENT LOSSES
About Lawrence Nack formerly with LPL Financial LLC?
Lawrence Nack (CRD #4416940) Located in Marshfield, WI has extensive experience in the financial services industry, with a career spanning over two decades. He worked for four different firms, most recently LPL Financial LLC, from May 2005 to April 2024. He is not currently registered with any self-regulatory organization or state securities authority. His earlier roles included positions at SII Investments, Inc. (2003–2005), Thrivent Investment Management Inc. (2002–2003), and Lutheran Brotherhood Securities Corp. (2001–2002). Nack has passed three industry exams: the Securities Industry Essentials Examination, the General Securities Representative Examination (Series 7), and the Uniform Securities Agent State Law Examination (Series 63). However, he has not passed any principal or supervisory exams.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Lawrence Nack Customer Complaints and Reviews
Lawrence Nack has one pending disclosure involving a customer dispute:
- Customer Dispute
- Complaint: The customer claims that an investment in a real estate security made in 2013 was unsuitable for their investment objectives and risk tolerance.
- Firm Involved: LPL Financial LLC
- Alleged Damages: Over $5,000, although the exact amount cannot be determined.
- Status: The dispute is pending under FINRA arbitration #24,00611 as of March 18, 2024.
This disclosure involves concerns about investment suitability, a key consideration for investors seeking personalized financial advice.
Allegations Against Lawrence Nack
The primary allegation against Lawrence Nack centers on Investment Suitability:
- The customer alleges that an investment in a real estate security made over a decade ago did not align with their risk tolerance and objectives. This raises questions about whether due diligence was performed during the investment recommendation process.
- The case is currently unresolved and is undergoing FINRA arbitration, with the possibility of significant financial damages exceeding $5,000.
Lawrence Nack Red Flags & Your Rights As An Investor
Of course, Lawrence Nack 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 Lawrence Nack at LPL Financial LLC on alert to review carefully the activity and performance of their accounts and question whether Lawrence Nack 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 Lawrence Nack
If you have questions about LPL Financial LLC and/or Lawrence Nack 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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