LPL Financial, LLC Investor Attorney

Gana LLP helps clients determine if their investment losses with brokerage firms, such as LPL Financial were the result misconduct by the firm. When clients first retain us, many of them have suffered substantial losses to their portfolios that they cannot understand. We can help investors recoup their losses. Our firm applies a detailed and forensic methodology to understanding investment losses as well as the applicable law to hold the wrongful party accountable.

LPL Financial is the largest independent financial advisor in the United States. LPL Financial was formed in 1989 through the merger of Linsco and Private Ledger and has since expanded its number of independent financial advisors from a few hundred to more than 13,300 as of 2012. LPL Financial's main offices are in Boston, Charlotte, and San Diego.

LPL Financial - By the Numbers:

  • CRD# 6413
  • SEC# 8-17668
  • 4.3 million funded accounts
  • 13,377 financial advisors
  • Approximately 4,500 technology, custody, and clearing service subscribers
  • Approximately 700 financial institution partners
  • $394 billion in advisory and brokerage assets
  • 44 Regulatory Events
  • 45 Customer Complaints

LPL Financial - In the News:

FINRA Disciplinary Action No. 2012032218001 - FINRA alleged that from 2007 to 2013, LPL's email retention systems failed to meet its obligations to supervise its representatives and respond to regulatory requests. FINRA found that the firm suffered at least 35 significant failures that prevented it from accessing hundreds of millions of emails and reviewing tens of millions of emails.

FINRA Disciplinary Action No. 2010021545201 - FINRA alleged that between March 2005, and March 2010, the LPL representatives aired approximately 520 shows on a particular radio station that discussed financial issues and investments. FINRA found that during that five-year period, the LPL Financial failed to request or review copies or transcripts of the broadcasts.

FINRA Disciplinary Action No. 2009017682701 - FINRA alleged that from October 2008 until October 2009, LPL registered representatives entered orders for approximately 15% of the LPL Financial's variable annuity exchange transactions using the proper system to monitor the transactions. As a result, FINRA found that LPL Financial failed to enforce its written supervisory procedures relating to variable annuity exchange transactions.

Gana LLP has successfully resolved hundreds of securities arbitrations through verdict or settlement. We represent individuals and institutions throughout the United States in disputes with their brokerage firm and financial advisors. Our attorneys can help you detect and uncover suspicious activity in your accounts. Our consultations are free of charge and the firm is only compensated if you recover.

Client Reviews
★★★★★
"I will never forget how much you helped me by winning my case! I never thought I would see any money from my investment. I admire the way you fight for everyday people against big companies. Thank you so much!"
★★★★★
"Adam is an outstanding lawyer. I have worked on several cases with Adam and look forward to working with him again in the future." Rob D. - Co-Counsel.
★★★★★
"If you want an attorney that is easy to talk to and genuinely cares about your legal situation, contact Adam Gana. He helped me settle a difficult contract dispute. When you work with Adam, he makes you feel as if you are his top priority. He will call you regularly to stay on top of the situation and submits all necessary legal documentation in a timely manner. His writing is excellent, his demeanor professional, and his work exceptional." Nancy N.
★★★★★
Adam helped me recover money from my broker when I thought all was lost. My house was about to be foreclosed, and I lost everything. Adam came in and saved my life. Jean C.
★★★★★
Gana LLP has the best attorneys period. They work hard, they work fast and I would recommend them to anyone. They are like family. Liz N.