DID TYSON WILLIAM ALLRED CAUSE YOU INVESTMENT LOSSES?
Tyson Allred Of LPL Financial LLC Has 6 Customer Complaints For Alleged Broker Misconduct
About Tyson Allred of LPL Financial LLC?
Tyson Allred (CRD #3081010) currently operates as a registered broker with LPL Financial LLC in Portland, Oregon, and other locations since January 17, 2023. Previously, he was associated with U.S. Bancorp Investments, Inc. from April 2005 until November 2022. Allred is registered with one Self-Regulatory Organization and licensed in 11 U.S. states and territories. He has passed four securities industry exams: the Securities Industry Essentials Examination, the General Securities Representative Examination (Series 7), the Uniform Combined State Law Examination (Series 66), and the Uniform Securities Agent State Law Examination (Series 63). His career has spanned several firms with significant tenure at U.S. Bancorp Investments.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Tyson Allred Customer Complaints and Reviews
Tyson W. Allred has been involved in six customer disputes, with five resolved and one currently pending. Here are the details:
- Customer Dispute (Closed-No Action / Withdrawn / Dismissed / Denied): Allegations included misrepresentation of investment terms and the suitability of investments, ranging from mutual funds to unit investment trusts. The claims sought damages from as little as about $9,841 to nearly $1 million, but all were denied.
- Customer Dispute (Pending): The most recent and still ongoing complaint involves an alleged misrepresentation by Allred, promising protected principal and a guaranteed 3.25% return after two years on certain investments. The alleged damages are approximately $1,529,600. This case is currently under FINRA arbitration with the docket number 24-00691.
Allegations Against Tyson Allred
- Misrepresentation of Investment Returns and Security: In several disputes, customers accused Allred of falsely assuring them about the nature of returns and the security of their principal investment.
- Suitability of Investments: Customers alleged that the investments made were unsuitable based on their risk profiles.
- Miscommunication and Misleading Information: Allegations often centered around the claim that Allred did not adequately explain financial products, particularly concerning the terms and conditions associated with variable annuities and fixed returns.
Tyson Allred Red Flags & Your Rights As An Investor
Of course, Tyson Allred 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 Tyson Allred at LPL Financial LLC on alert to review carefully the activity and performance of their accounts and question whether Tyson Allred 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 firms’ 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 Tyson Allred
If you have questions about LPL Financial LLC and/or Tyson Allred 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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