Alton Raney, Formerly of LPL Financial, Subject of Arkansas Securities Complaint

LITTLE ROCK, ARKANSAS     Are you a former customer of Alton Raney, formerly with LPL Financial in Little Rock, Arkansas?  The securities and investment fraud law firm of Israels & Neuman  is reviewing allegations made by the Arkansas Securities Department against Alton B. Raney II.

Arkansas investigated Mr. Raney regarding allegations that he engaged in short-term trading of mutual funds in a customer’s accounts during 2022.  It was alleged that the short-term trading of mutual funds with large upfront commissions caused unnecessary charges to the customer.  See Complaint and BrokerCheck Report linked below.

Alton B. Raney II was a representative of LPL Financial in Little Rock, Arkansas from December 2018 to April 2023.  He then joined St. Bernard Financial from September 2023 to May 2024 in Russellville.  He also had a tax lien against him in 2023.

Pursuant FINRA Rule 3110, securities brokerage firms must adequately supervise their representatives.  If firms like LPL Financial fail to provide sufficient supervision, the firms could be held responsible for financial damages.

If you lost money with Alton Raney or LPL Financial, please Contact Us at 206-795-5798 for a free evaluation of your case.

View Complaint HERE

 View FINRA BrokerCheck Report HERE