The Law Firm of David Chase, representing defrauded stock market investors nationwide, is reviewing allegations concerning former LPL Financial LLC stockbroker Thomas Breslin Jr. after he was discharged by LPL Financial for directing clients to an unapproved investment in violation of firm policy.
The law firm is also reviewing allegations made by the Financial Industry Regulatory Authority, FINRA, against Thomas Breslin Jr. apparently for the same problematic private securities transactions. In or about October 2017, Thomas Breslin Jr. consented, without admitting or denying the findings, to FINRA sanctions and to the entry of findings that while associated with LPL Financial he participated in private securities transactions without notifying LPL Financial.
The FINRA findings state that Thomas Breslin Jr. bought 15,000 shares of a biopharmaceutical company for $150.00 and also introduced five (5) firm customers and an additional individual to the company. FINRA further alleged that Thomas Breslin Jr. arranged a meeting as between the company and one of the investors, rendered advice about the investment structure and the company’s potential, reviewed transaction documents, engaged in communications between the introduced individuals and the company, and delivered one person’s funds to the biopharmaceutical company. The individuals invested more than $375,000.00 in the company. Based upon this alleged conduct, FINRA suspended Thomas Breslin in all capacities for five (5) months.
If you invested with Thomas Breslin Jr. and LPL Financial and have lost money doing so, particularly if such investments involved the purchase of shares of a private biopharmaceutical company, you may be able to recover some or all of your losses. David Chase, a stockbroker fraud lawyer, is experienced in recovering investor losses due to stockbroker misconduct and mismanagement through the FINRA arbitration process.
FINRA arbitration is a fast, efficient way to attempt to recover your lost investment funds due to unsuitable recommendations. The Law Firm of David Chase, a financial advisor fraud law firm headed by stockbroker fraud lawyer David Chase, works on a contingency fee basis, meaning you pay it nothing unless it recovers money for you.
The Law Firm of David Chase represents defrauded investors throughout the country. If you have questions about your ability to recover your investment losses, please contact David Chase for a consultation at david@davidchaselaw.com or toll-free at (800) 760-0912.
