Investors Blame LPL Financial For Excessive Commissions

Maryanne Virginia Bessler of Lynbrook New York a stockbroker currently employed by LPL Financial LLC is the subject of a customer initiated investment related written complaint on April 24, 2019 where the customer requested damages estimated to exceed $5,000.00 based upon accusations that investment recommendations made to the customer were not suitable and commissions assessed on securities transactions were unreasonable and excessive.

FINRA Public Disclosure additionally confirms that a customer filed an investment related complaint in regard to Bessler’s conduct in which the customer requested $9,400.00 in damages supported by allegations that the customer was placed into an unsuitable corporate debt investment during the time that Bessler was employed by Investors Capital Corporation.

Also, Bessler has been fined $16,400.00 by the State of New York Insurance Department according to a Stipulation and Consent Order containing findings that while Bessler was associated with Investors Capital Corp., annuities had been recommended or sold to a customer by her when the issuer of that annuity was not licensed in New York; conduct violative of Section 2117 of the Insurance Law. Case No. 2011-0181-S.

Bessler has been associated with at least two different broker dealers who have been expelled by securities regulators for violation of federal securities laws or who are otherwise defunct.