LPL Financial Accused Of Bad REIT Advice

Arbitration Attorneys

Nicholas Joseph Travascio III (also known as Nicholas Joseph Tarvash III and as Nick Tarvash III) a stockbroker formerly registered with LPL Financial LLC is referenced in a customer initiated investment related written complaint which was settled for $19,000.00 on October 7, 2019 based upon accusations that real estate investment trust recommendations made to the customer were not suitable and (2) the customer sustained unwarranted losses on alternative investment transactions executed by the stockbroker when he was associated with LPL Financial LLC.

This is not the first time that Travascio has been subject of a dispute from an LPL Financial customer. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that a customer filed an investment related complaint concerning Travascio’s conduct where the customer sought damages estimated to exceed $5,000.00 supported by allegations of false or misleading statements being made by the stockbroker concerning the terms and conditions of the customer’s real estate investment trust purchase.

Travascio was registered with LPL Financial between May 5, 2019 and December 14, 2018.