Investors Sue LPL Financial For Unsuitable REIT Sales
Jordan John Boyle of Saratoga Springs Utah a stockbroker currently registered with LPL Financial is the subject of a customer initiated investment related arbitration claim in which the customer requested $50,000.00 in damages based upon allegations that the customer had been poorly advised as it pertained to real estate securities sold by Boyle between 2014 and 2019 when he was associated with LPL Financial. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-02604 (Aug. 30, 2019).
FINRA Public Disclosure confirms that Boyle has been identified in two more customer initiated investment related disputes concerning accusations of his misconduct during the time that he was employed by LPL Financial. On September 15, 2016, a customer filed an investment related complaint concerning Boyle’s activities where the customer sought unspecified compensatory damages founded on accusations of the stockbroker selling a variable annuity that failed to be appropriate for the customer.
Boyle is also referenced in a customer initiated investment related complaint on February 1, 2019 in which the customer requested $10,000.00 in damages supported by allegations that the stockbroker failed to have a reasonable basis to recommend real estate investment trust products and that the customer sustained losses from holding those investments between September 10, 2014 and January 18, 2019. Boyle has been registered with LPL Financial since September 18, 2007.