DID WILIAM COLE SMITH CAUSE YOU INVESTMENT LOSSES?
About William Smith LPL Financial LLC?
William Smith (CRD #5327357) has a history in the financial industry, reflected by the multiple shifts between firms and a single regulatory disclosure. He is currently registered with LPL Financial LLC and Integrated Wealth Concepts LLC, both located in Fairfax, Virginia. Throughout his career, Smith has worked with three different firms, starting with Ameriprise Financial Services, followed by Lincoln Financial Advisors Corporation, and currently with LPL Financial since October 19, 2016. He has passed two general industry/product exams and one multi-state securities law exam. Despite being licensed in 19 U.S. states and territories, his career is tainted by customer disputes and a lack of principal/supervisory qualifications, which raises concerns about his adherence to industry standards and client care.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
William Smith Customer Complaints and Reviews
Customer Dispute (1 Incident)
- Allegations: The claimants allege that Smith recommended an unsuitable Oil & Gas investment.
- Date Complaint Received: January 3, 2023
- Outcome: The case was settled for $79,721.09 on October 6, 2023. Although the settlement was made, Smith did not contribute financially to it and has publicly disputed the claim as baseless, emphasizing that the recommendation was suitable at the time and accusing the law firms involved of high-pressure tactics.
Allegations Against William Smith
- Unsuitable Investment Recommendation: Smith was accused of advising clients to invest in an Oil & Gas investment that was deemed unsuitable for their financial needs. This resulted in a significant financial settlement, although he denies the allegations, asserting that the investment was appropriate at the time based on the client’s status as a high-net-worth institution with sophisticated principals. This situation illustrates the complexities and conflicts that can arise in the securities industry, especially involving high-risk investments.
William Smith Red Flags & Your Rights As An Investor
Of course, William Smith 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 William Smith at LPL Financial LLC on alert to review carefully the activity and performance of their accounts and question whether William Smith 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 William Smith
If you have questions about LPL Financial LLC and/or William Smith 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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