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Former Colorado LPL Broker Charged with Stealing Client Funds, Assets Frozen

Sonya Camarco (CRD #2427529), a longtime Colorado Springs resident and former Broker with LPL Financial LLC (CRD#6413) has been the subject of a SEC requested asset freeze.

The SEC complaint that alleged Camarco had, over the past 13 years, systematically defrauded and stolen money from her client’s investment accounts. The SEC further alleged that Sonya Camarco forged client signatures on checks made out to “C Investments” a fictitious investment firm that Camarco controlled. When confronted by her clients, Camarco explained that “C Investments” was an outside investment that she made on their behalf.

When Camarco’s employer became aware of the alleged fraud, Camarco suggested that “C Investments” was an outside client investment that she had no affiliation with. Using a private PO box Camarco would send the forged client checks to herself and then use the ill-gotten funds to pay personal bills and mortgages.

LPL employed Sonya from June 2004 until she resigned in 2017. Sonya operated out of LPL Financials’ Colorado Springs, Colorado branch.  According to Sonya’s detailed CRD report, she has 16 years of experience at brokerage firms like Morgan Stanley (CRD #7556) and Merrill Lynch ( CRD#7691)

The SEC’s complaint, filed in federal court in Colorado on August 23, 2017, charges Camarco with violations of Sections 17(a)(1) and (3) of the Securities Act of 1933, and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5(a) and (c) thereunder, and Sections 206(1) and 206(2) of the Investment Advisers Act of 1940. The complaint seeks disgorgement of allegedly ill-gotten gains plus interest from all the defendants and seeks a permanent injunction against and penalties from Camarco.”

FINRA arbitration is a fast, efficient way to recover your lost investment funds due to stock broker fraud.  We work on a contingency fee basis, meaning you pay us nothing unless we recover money for you.

If you have been a victim of Sonya Camarco’s alleged fraud and have lost money doing as a result, you may be able to recover some or all of your losses.  My law firm is experienced in recovering investor losses due to broker and brokerage firm misconduct through FINRA arbitration.

The Law Firm of David Chase represents the interests of investors who have been the victims of investment fraud.  If you have questions about your legal rights, please contact David Chase for a free consultation at david@davidchaselaw.com or toll free at (800) 760-0912.