The Law Firm of David Chase, representing defrauded stock market investors nationwide, is reviewing allegations concerning former LPL Financial LLC stockbroker Terrence Diehl after he was discharged by LPL Financial for participating in private securities transactions without approval in violation of firm policy.
The law firm is also reviewing allegations made by the Financial Industry Regulatory Authority, FINRA, against Terrence Diehl apparently arising out of the same improper private securities transactions. In or about October 2017, Terrence Diehl 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 undisclosed private securities transactions involving $500,000.00 of purchases of a third-party company by three LPL Financial customers via a private offering. The FINRA findings state that Terrence Diehl assisted the firm customers in making their investments by giving the customers corporate information, expressing confidence in the company CEO, reviewing purchase agreements and facilitating the transfer of funds and exchange of documents between the customer and seller. FINRA further alleged that Terrence Diehl received $37,500.00 in transaction based compensation in consideration for his customers’ purchases. Based upon this alleged conduct, FINRA ordered Diehl to return $37,500.00 in disgorgement and suspended him in all capacities for nine (9) months.
If you invested with Terrence Diehl and LPL Financial and have lost money doing so, particularly if such investments involved the purchase of private companies, 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, 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 email@example.com or toll-free at (800) 760-0912.