Iowa - Israels & Neuman, PLC

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

EBONY PARKS of LPL Financial is SUSPENDED

Israels & Neuman, PLC — Tue, 11 Jul 2023 19:08:42 GMT

Ebony Parks, Formerly with LPL Financial, Suspended Indefinitely by FINRA

DAVENPORT, IA

Have you suffered investment losses because of recommendations made by advisor Ebony Parks? Our securities arbitration law firm is looking into allegations made against former LPL Financial and Wells Fargo financial advisor Ebony Parks, from Davenport, Iowa. She was indefinitely suspended by FINRA starting in June 2023.

FINRA has alleged that Parks failed to respond to FINRA requests for information. The investigation was initiated in May 2023, and the suspension was started in June 2023. She was also the subject of an investigation that started in April 2022.

Ebony Parks worked in Davenport, Iowa and had been a representative with LPL Financial from May 2021 to November 2021. Parks also worked with Wells Fargo from December 2019 to April 2021. Parks operated a company called Quad City Investment Center.

Israels & Neuman is an investment fraud law firm that represents investors in securities arbitration, mostly through FINRA arbitration. We represent investors throughout the country, including investors in Iowa and Illinois.

View Parks, e BrokerCheck 7.10.23

If you lost money with Ebony Parks, Wells Fargo, or LPL Financial, contact the law firm of ISRAELS & NEUMAN at (206) 795-5798 for a Free evaluation of your case.

UPDATE! Advisor Chad Mackland Charged with FRAUD

Israels & Neuman, PLC — Tue, 05 Oct 2021 18:36:32 GMT

COUNCIL BLUFFS, IOWA

Have you lost money with financial advisor Chad M. Mackland of Council Bluffs, Iowa? We are continuing to look into allegations made against Mackland. The SEC recently barred Mackland from the securities industry in any capacity. Mackland was charged with multiple felonies related to insurance sales practices.

In March 2021, FINRA, the Financial Industry Regulatory Authority barred Mackland from the securities brokerage industry. Mackland was charged with fraud in Pottawattamie County, Iowa for theft.

Chad Mackland was a financial advisor and registered representative of Northwestern Mutual from 2005 to August 2016. He was also with MML Investors Services from March 2017 to September 2018 and with Lion Street Financial from December 2018 to February 2020. He worked at branch offices in Council Bluffs, Iowa and Omaha, Nebraska. Mackland was also discharged by MassMutual and allowed to resign by Northwestern Mutual.

Brokerage firms like Northwestern Mutual, MML Investors Services, and Lion Street Financial have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; Phoenix, Arizona; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors throughout Iowa and Nebraska. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against MML Investors Services.

Click here to view C. Mackland BrokerCheck Report

If you lost money with Chad Mackland, Northwestern Mutual, MML Investors Services, or Lion Street Financial please Contact Us at 720-599-3505 or 206-795-5798 for a free evaluation of your case.