Marshall Lum Terminated by LPL Financial

Israels & Neuman is reviewing claims against Marshall Lum, who formerly was a representative with LPL Financial in Honolulu, Hawaii. LPL Financial terminated Marshall Lum in September 2025.

Allegations Regarding the Termination

Lum was fired by LPL Financial regarding allegations that he “Accepted instructions and orders for a custodial account without proper authorization; used unapproved messaging application to transmit business-related communications, including nonpublic customer information and trade instructions”. Firms like LPL Financial are required to file a form (called a Form U-5) with regulators that explains why the advisor was fired.

Background on Marshall Lum

Marshall Lum was licensed with LPL Financial from January 2012 to September 2025. He previously worked with Allstate Financial. He has also been affiliated with a number of other entities, including High Tech Lending (as a mortgage loan originator), LTCi Partners and Crump Life Insurance, and Mortgage Hawaii LLC

Is LPL Financial Potentially Liable for Customer Losses?

FINRA standards provide that brokerage firms like LPL Financial must reasonably supervise the activities of their financial advisors. Firms that fail to do so could be responsible for investor losses.

We Help Investors in Hawaii

We represent investors throughout the United States as well as Hawaii, who have been victims of broker misconduct, unsuitable investment recommendations, and fraud. If you were a client of Marshall Lum and believe he acted improperly, you may be entitled to recover losses through FINRA arbitration.

View Lum’s BrokerCheck Report

Contact Us for a Free Case Evaluation

Our FINRA Arbitration cases are taken on a contingency fee basis, meaning you don’t pay unless we successfully recover losses for you!

Call us today at (720) 599-3505 or (206) 795-5798 or fill out our contact form to learn more about your rights.

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