National investment loss lawyers KlaymanToskes is investigating broker Donald Aulbert of LPL Financial (CRD# 4119911).
According to FINRA Brokercheck, broker Donald Aulbert of LPL Financial is facing a customer complaint which alleges that he recommended unsuitable alternative investments, resulting in a decline in the customer’s account value over the past few years.
Investors that suffered losses with broker Donald Aulbert are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
Donald Aulbert, a broker and investment advisor employed with LPL Financial in Missouri, is facing allegations from a customer regarding the suitability of alternative investments he recommended to the client. The customer dispute, filed on March 19, 2024, claims that these investments were not suitable and that the account value has gone down over recent years.
The main issue in this case is the allegation that Aulbert recommended unsuitable alternative investments to his client. This could be a violation of Financial Industry Regulatory Authority (FINRA) Rule 2111. This rule says that brokers and investment advisors must have a good reason to believe that their recommendations are suitable for their clients. They need to consider factors like the client’s financial situation, risk tolerance, and investment goals. The allegation suggests that Aulbert may not have followed this rule, which could have exposed his client to unnecessary risk and financial harm.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against broker Donald Aulbert. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encourage to contact our firm immediately if you have experienced any of the following:
Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.
Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.
If you suffered losses with broker Donald Aulbert, or have concerns regarding your investment portfolio at LPL Financial, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.