DID PATRICK WILLIAM NAUGHTON CAUSE YOU INVESTMENT LOSSES?
Patrick Naughton Of LPL Financial LLC Has 2 Customer Complaints For Alleged Broker Misconduct
About Patrick Naughton Of LPL Financial LLC?
Patrick Naughton (CRD #2180840) is currently registered with LPL Financial LLC in Waterbury, Connecticut, since October 11, 2011. He has substantial experience in the financial services industry, being registered in 22 U.S. states and territories. Naughton has passed one principal/supervisory exam and three general industry/product exams, along with two multi-state securities law exams. His previous engagements include positions at UVEST Financial Services Group, Inc., Webster Investment Services, Inc., Liberty Securities Corporation, MetLife Securities Inc., and Metropolitan Life Insurance Company, reflecting a varied and extensive career in financial services.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Patrick Naughton Customer Complaints and Reviews
Patrick William Naughton has been involved in two customer disputes:
- Customer Dispute 1 (Settled): Filed on December 23, 2020, a customer alleged unsuitable investment in a REIT, with activities dating from January 2014 to December 2020, claiming damages of $180,000. The dispute was settled on January 14, 2022, for $6,000 without any financial contribution from Naughton.
- Customer Dispute 2 (Settled): Occurred while Naughton was with UVEST Financial Services Group, Inc., where a client alleged unsuitable mutual fund recommendations in May 2008, claiming $14,000 in damages. This dispute was settled for $8,507.20 on April 16, 2009, with no financial contribution from Naughton.
Allegations Against Patrick Naughton
The allegations made against Patrick William Naughton in the disclosed customer disputes include:
- Unsuitable Investments: The first dispute alleged that Naughton recommended investments in a REIT which were not suitable for the client’s investment profile.
- Unsuitable Mutual Fund Recommendations: In the second dispute, the client alleged that Naughton made unsuitable recommendations concerning mutual funds.
Patrick Naughton Red Flags & Your Rights As An Investor
Of course, Patrick Naughton 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 Patrick Naughton at LPL Financial LLC on alert to review carefully the activity and performance of their accounts and question whether Patrick Naughton 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 Patrick Naughton
If you have questions about LPL Financial LLC and/or Patrick Naughton 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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