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Broker Misconduct Investigation: Evan Adelglass (LPL Financial)

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Updated on: January 2, 2025

National investment loss lawyers KlaymanToskes is investigating broker Evan Adelglass (CRD# 2392225) of LPL Financial.

Who is Broker Evan Adelglass?

Evan Jay Adelglass is a broker, currently registered with LPL Financial LLC. He has faced recent customer disputes alleging unsuitable investment recommendations. Adelglass denies the allegations and maintains that his recommendations were appropriate and aligned with clients’ goals.

According to FINRA BrokerCheck, broker Evan Adelglass is currently involved in several customer complaints alleging $930,000 in collective investor damages due to unsuitable investment recommendations that did not align with the customers’ investment objectives and risk tolerance. The complaints allegedly relate to investments in Fisker, which caused significant investment losses for the customers. In March 2024, Fisker (NYSE: FSR) was delisted from the NYSE and in June 2024, Fisker filed for bankruptcy. 

Investors that suffered losses with broker Evan Adelglass are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss potential recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.

Investment Losses with Broker Evan Adelglass?

Investment Losses with Broker Evan Adelglass?

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Broker Evan Adelglass Faces $930K in Customer Complaints

Financial advisor Evan Adelglass of LPL Financial, is currently facing several customer complaints alleging unsuitable investment recommendations. Adelglass has been hit with two pending customer complaints alleging $930,000 in collective investor damages. Allegedly these complaints relate to investments in Fisker (NYSE: FSR), which has since been delisted from the NYSE and filed for bankruptcy. According to FINRA BrokerCheck, broker Evan Adelglass is currently employed with LPL Financial in Ansonia, CT.

Signs Investors Should Look Out For About Their Brokerage Accounts

As an investor, there are a few signs that you should look out for if you believe you may have a claim against your financial advisor. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encouraged to contact our firm immediately if you have experienced any of the following:

  • You have substantial losses in your investment accounts
  • You received a call, email, or other communication from your broker’s supervisor or manager regarding your portfolio
  • Your broker misrepresented investment opportunities, or failed to disclose details about investments
  • You notice unauthorized transactions in your investment accounts
  • Your broker is not returning your calls or emails
  • You filed a complaint with your brokerage firm that has not been resolved
  • You see a mistake on your statement, or receive a fraudulent statement

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 Evan Adelglass, or have concerns regarding your investment portfolio at LPL Financial, or with any other financial advisor or firm, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.