DID SIDNEY RUSSELL SCHROADER CAUSE YOU INVESTMENT LOSSES?
Sidney Schroader Of LPL Financial LLC Has A Customer Complaint For Alleged Broker Misconduct
About Sidney Schroader of LPL Financial LLC?
Sidney Schroader (CRD #1100245) is currently registered with LPL Financial LLC in Olympia, Washington, since April 2009. Schroader’s long tenure in the financial industry, starting in 1983, includes past registrations with multiple firms such as Mutual Service Corporation and Titan/Value Equities Group, Inc. While he is registered in 18 U.S. states and territories and has passed one principal/supervisory exam along with two general industry/product exams and two state securities law exams, his career has not been without blemish. His extensive registration history, while impressive, is clouded by a customer dispute that raises concerns.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Sidney Schroader Customer Complaint and Reviews
Customer Dispute (Closed as of December 2023): Schroader was implicated in a dispute where a client alleged that $26,000 meant for investment in a mutual fund was misappropriated and not invested for six months. The complaint, which was first brought to light in November 2023, was eventually denied.
Allegations Against Sidney Schroader
- Misappropriation of Funds: The main accusation against Schroader concerned the alleged misappropriation of funds that the client intended to be invested. This serious claim, although ultimately denied, highlights potential issues with how client funds are handled.
- Delay in Investment: Further complicating the matter, the client alleged that the funds were not invested for an extended period, which could suggest inefficiencies or mismanagement in handling client accounts.
Sidney Schroader Red Flags & Your Rights As An Investor
Of course, Sidney Schroader 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 Sidney Schroader at LPL Financial LLC on alert to review carefully the activity and performance of their accounts and question whether Sidney Schroader 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 Sidney Schroader
If you have questions about LPL Financial LLC and/or Sidney Schroader 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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