The securities and investment fraud law firm, Fitapelli Kurta, is interested in speaking to investors who have complaints regarding investments made at the direction of Karl H. Romero, or LPL Financial.
Current LPL Financial broker, Karl H. Romero, has nine customer initiated complaints, according to his BrokerCheck Report. Four of those complaints are pending arbitration with the Financial Industry Regulatory Authority (FINRA).
One pending complaint, filed on March 10, 2014 asserts claims fornegligence and breach of fiduciary duty in connection with their investments in mutual funds. The investor is seeking $112,500 in damages in that complaint.
On December 23, 2014 a customer complaint was settled for $115,000. The complaint was regarding their alleged unsuitable investment in the Laeroc Income Fund.
Another pending complaint, filed on December 11, 2013, alleges that Karl Romero misrepresented material facts, and breached his fiduciary duty to the customers in recommending investments in Laeroc Income Fund. The investor who filed the complaint is seeking $67,677 in damages.
The third pending complaint, filed on November 21, 2013, also alleges damages in connection with Karl Romero’s recommendation to investment in the Laeroc Income Fund. The investor is seeking $313,010 in damages.
The final pending complaint, filed on November 21, 2013, also relates to investments in the Laeroc Income Fund. The complaint alleges negligence, misrepresentation of material facts, and breach of fiduciary duty. The investor is seeking $249,000 in damages.
On June 19, 2013 a customer initiated a complaint against Karl H. Romero in Orange County Superior Court in California. The complaint sought over $340,000 in damages and was eventually removed to face arbitration.
On November 24, 2009 Karl H. Romero’s wife, who was also a customer, alleged that he signed her name as co-trustee in order to redeem their jointly owned REIT in the amount of $60,000. The complaint was eventually denied.
On December 23, 1995 a complaint against Karl H. Romero was settled for $45,000 stemming from alleged unsuitable investments in Real Estate Investment Trusts (REITs)
On March 30, 1993 an investor initiated complaint was settled against Karl H. Romero for $67,000. The complaint alleged omission of material facts and misrepresentation, as well as unsuitable investment recommendations.
Karl H. Romero has been a registered broker at LPL Financial in Santa Ana, California since 1989. He also owns his own investment consulting firm called, Karl H. Romero & Associates.
If you or someone you know has lost money investing with Karl H. Romero or LPL Financial you may be entitled to full recovery of your losses. The attorneys at Fitapelli Kurta prosecute cases on behalf of investors like you who have lost money as a result of unsuitable investments. These cases are taken on a contingency fee basis only, which means our firm will not receive any compensation whatsoever unless and until you recover money.
Cases are filed with the Financial Industry Regulatory Authority (FINRA) and will submit to arbitration. Fitapelli Kurta has filed hundreds of cases before FINRA and has recovered millions on behalf of investors who have fallen victim to broker misconduct. Do not delay. Call 877 – 238 – 4175 to speak directly to an attorney and further discuss the merits of your case.
Our consultations are always free.
Call 877 – 238 – 4175 now.