William Tunink Fired by LPL Financial

Israels & Neuman, PLC — Fri, 07 Nov 2025 17:32:30 GMT

Israels & Neuman law firm is looking into allegations involving William Tunink also known as “Bill” Tunink, who was a representative with LPL Financial and worked in a West Des Moines, Iowa office. Mr. Tunink’s registration was terminated by LPL Financial in September of 2025.

Allegations Against William Tunink

According to FINRA’s BrokerCheck, LPL Financial fired Tunink in September 2025 regarding allegations that he “Failed to disclose and receive prior approval for loans from customers; and settled a customer complaint away from the Firm”. Generally, advisors cannot borrow money from customers without prior firm approval and under limited circumstances, under FINRA Rule 3270. The termination was triggered after a customer complained to LPL Financial about a loan not being paid back.

Since then, Bill Tunink has been the subject of a second customer complaint. The customer alleged that he sold them “Investment Units” and entered into a “Silent Partner Agreement”. Advisors are not allowed to sell investment products that are not approved by their firm, under FINRA Rule 3280.

Background on William Tunink

William Tunink was licensed with LPL Financial from October 2021 to September 2025 at a West Des Moines, Iowa office. He was also previously licensed with Avantax Investment Services, and was also part of a tax and bookkeeping firm called Tunink Murray Financial Group.

Can LPL Financial Be Responsible?

FINRA Rule 3110 requires securities brokerage firms like LPL Financial to supervise the activity of its advisors. LPL Financial could be responsible for investor losses if it failed to supervise him.

We Help Investors in Iowa

We represent investors throughout the United States including Iowa, who have been victims of broker misconduct, unsuitable investment recommendations, and fraud. We have represented numerous investors in Iowa in the past. If you were a client of William Tunink and believe he acted improperly, you may be entitled to recover losses through FINRA arbitration.

View Tunink’s BrokerCheck Report

Contact Us for a Free Case Evaluation

Call us today at (720) 599-3505 or (206) 795-5798

WILLIAM BERG of Royal Fund Management Accused of FRAUD

Israels & Neuman, PLC — Tue, 02 Apr 2024 15:26:41 GMT

Warrant Issued for Former Royal Fund Management Advisor William Berg

WAUKEE, IOWA Did you invest with William Berg, also known as Bill Berg, formerly with Royal Fund Management? The securities and investment fraud law firm of Israels & Neuman is looking into allegations made against this advisor. In March 2024, a federal arrest warrant was issued for Berg, who was from Waukee, Iowa. He allegedly defrauded clients out of more than $1.5 million. It was alleged that instead of investing the money on behalf of clients, he took the money for personal use.

William Berg was an investment advisor and representative of Royal Fund Management from May 2015 to November 2017 and again from September 2018 to January 2021. He worked in Clive and Des Moines, Iowa. He was charged by the U.S. Attorney’s Office in the Southern District of Iowa.

Brokerage firms are required to adequately supervise their representatives. When firms fail to adequately monitor their advisory representatives, they may be liable for investment losses sustained by customers.

View AdviserInfo HERE

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