National investment loss lawyers KlaymanToskes is investigating broker Lisa Boisselle (CRD# 5726589) formerly of LPL Financial.
Broker Lisa Boisselle, formerly registered with LPL Financial, has been ordered by the Arizona Corporation Commission to pay $1,398,900 in restitution and $75,000 in administrative penalties in connection with securities fraud involving cryptocurrency-related investments.
Investors that suffered losses with broker Lisa Boisselle 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.
Arizona Corporation Commission Orders Former LPL Financial Broker Lisa Boisselle to Pay $1.4 Million in Restitution Over Crypto Investment Fraud
According to the Arizona Corporation Commission, Boisselle served as President, Owner, and Chief Compliance Officer of LABI Investments LLC, doing business as Wealthwise, which held an investment advisory license until February 2022. Boisselle allegedly solicited $1,398,900 from at least 16 investors between November 2021 and April 2023 for investments in two cryptocurrency-related programs, NovaTech and HyperFund (also known as HyperVerse).
The Arizona Corporation Commission found that Boisselle represented to some investors that their investments were safe, secure, accessible for withdrawal at any time, and expected to grow over time. Regulators further found that by August 2022, domestic and foreign regulators had issued warnings and initiated legal actions involving NovaTech, and that Boisselle failed to disclose these developments to investors she continued to solicit.
The Commission ordered Boisselle and Wealthwise to permanently cease and desist from violating the Arizona Securities Act and Investment Management Act. Boisselle and Wealthwise did not request a hearing or file an answer in response to the enforcement action, and the order became final.
According to FINRA BrokerCheck, Boisselle was registered with LPL Financial in Scottsdale, Arizona from 2018 through 2022. Arizona regulators have allegedly linked Boisselle to the sale of NovaTech and HyperFund, which have been the subject of enforcement actions by securities regulators.
Investment Losses with Broker Lisa Boisselle?
Contact KlaymanToskesSigns 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 Lisa Boisselle, or have concerns regarding your investment portfolio, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.
