Israels & Neuman, PLC Investigates Jeffrey LaBelle, Formerly of First Allied Securities and Unsuitable Sales of Private Placements, REITs, and BDCs

 

SARASOTA, FLORIDA — Have you lost money with financial advisor Jeffrey LaBelle, formerly of First Allied Securities and LPL Financial in Sarasota, Florida?  We are looking into allegations made against Jeffrey LaBelle. Jeffrey LaBelle has been the subject of 14 customer complaints, most of which were filed in the last two years.  The recent complaints allege that LaBelle sold unsuitable alternative investments like private placements, REITs (real estate investment trusts) and BDCs (business development companies).

Jeffrey LaBelle was with First Allied Securities from August 2012 to July 2018.  He was also with LPL Financial from July 2018 to December 2019.   He has worked at branch offices in Sarasota, Florida.  LaBelle also was terminated by another firm in 2007.

Brokerage firms like First Allied Securities and LPL 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 in Florida.  Attorney David Neuman is licensed to practice law in Florida.  Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against First Allied Securities.

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If you lost money with Jeffrey LaBelle, First Allied Securities, or LPL Financial, contact the law firm of ISRAELS & NEUMAN at (720) 599-3505 or (206) 795-5798 for a Free evaluation of your case.