Todd Slingerland (CRD #: 1924692), a broker registered with LPL Financial, is involved in an investor dispute over churning, according to his BrokerCheck record, accessed on January 26, 2021. This is his second denied investor dispute – read on for more details.

On October 24, 2020, a client alleged that Todd Slingerland churned her account and engaged in breakpoint sales. This made it possible to sell shares of a mutual fund at a fixed price. She further alleged that he misled her and engaged in investments that were both risky and tax-inefficient. The client sought $177,372.14; the dispute was denied by the firm.

Firms can determine to deny a claim, leaving it to the investor if they want to pursue the issue further. A claim being “denied” does not necessarily mean that the broker did not fail to uphold the standard of conduct for brokers.

On August 5, 2020, a client alleged that Todd Slingerland misrepresented the transition from a brokerage account to an advisory account. She alleged she did not know that the sale of her mutual funds would occur when she transitioned from a brokerage account to an advisory account. This sale allegedly resulted in unexpected taxes of $8,968, but the dispute was denied by the firm.

Background Information

Todd Slingerland has passed the Series 65 Uniform Investment Adviser Law Examination, the Series 63 Uniform Securities Agent State Law Examination, the Securities Industry Essentials Examination, the Series 7 General Securities Representative Examination, the Series 6 Investment Company / Variable Contracts Representative Examination, and the Series 24 General Securities Principal Examination. He is a registered broker in 46 states and an investment adviser in California.

Todd Slingerland has 31 years of experience and has worked at the following six firms:

  • LPL Financial (CRD #: 6413)
  • Capital Financial Planning (CRD #: 284679)
  • Voya Financial Advisors (CRD #: 2882)
  • Waddell & Reed (CRD #: 866)
  • John Hancock Mutual Life Insurance Company (CRD #: 5181)
  • John Hancock Distributors (CRD #: 468)

If Todd Slingerland was your broker and you have questions about your investments, don’t hesitate to contact the securities attorneys of Fitapelli Kurta. Call (877) 238-4175 or email info@fkesq.com for a free case consultation with a securities attorney.

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