Things continue to get worse for former LPL financial advisor James Couture. Couture was previously criminally charged with defrauding investors in 2021 by the U.S. Attorney’s Office in Massachusetts. Now, additional criminal charges of witness tampering have been added.

Couture was told by prosecutors not to have any contact with his investment fraud victims. However, it was alleged that he tried to convince one of his victims that he never stole their money and was still investing it. The witness tampering charges stem from contact that Mr. Couture had with a victim between June and December 2021. It was alleged that he presented fake documents to the victim to demonstrate that the money was allegedly invested, but it was not an authentic document.

LPL Financial had a duty to reasonably supervise James Couture’s conduct while he was registered with LPL Financial. Couture had been a representative of LPL Financial from 2009 to July 2020. He was also previously barred from the securities industry by FINRA. Couture lived in Sutton, Massachusetts but worked in an office in Worcester.

Click to view: Couture, James SEC Complaint

Click to view: Couture, James FINRA AWC Click for More on James Couture

Our firm has previously spoken to investors who had money with James Couture and LPL Financial. If you lost money with James Couture or LPL Financial, CONTACT ISRAELS & NEUMAN at 720-599-3505 for a free evaluation of your case.