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Broker Misconduct Investigation: Howard Kaplan (LPL Financial)

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Updated on: August 20, 2024

National investment loss lawyers KlaymanToskes is investigating broker Howard Kaplan of LPL Financial (CRD # 2021501).

According to FINRA BrokerCheck, broker Howard Kaplan is currently facing a customer complaint alleging that an investment made in 2014 was unsuitable for their investment objectives and risk tolerance, during his employment at LPL Financial. 

Kaplan is currently registered as an investment advisor at USA Financial Securities Corporation in Tenafly, NJ. He was also previously registered as an advisor with Retirement Wealth Advisors, Inc. and Wealth Watch Advisors, LLC.

Investors that suffered losses with broker Howard Kaplan 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.

Investment Losses with Broker Howard Kaplan?

Investment Losses with Broker Howard Kaplan?

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Former LPL Broker Howard Kaplan Faces Customer Complaint

Howard Kaplan, a former LPL Financial broker, is facing a complaint from a customer alleging that an investment in a real estate security was unsuitable for their financial goals and risk tolerance. According to FINRA BrokerCheck, Kaplan worked with LPL Financial in New Jersey from July 30, 2010, to February 8, 2016. 

FINRA Rule 2111, also called the “Suitability Rule,” requires financial advisors to fully understand their client’s financial situation, investment experience, and risk tolerance before making any investment recommendations. Financial advisors must carefully check the investments they recommend to make sure they are suitable for the client’s specific needs. 

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 broker Howard Kaplan. 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:

  • 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 Howard Kaplan, or have concerns regarding your investment portfolio at LPL Financial and/or USA Financial Securities Corporation, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.