UPDATE! Investigation of CHARLES C. FACKRELL and LPL FINANCIAL
Charles C. Fackrell and LPL Financial
Have you lost money with financial advisor Charles Caleb Fackrell from Yadkinville, North Carolina? We have been investigating Charles Fackrell, after he was arrested in December 2014 for allegations that he stole at $300,000 from his clients. Fackrell worked at Fackrell/Trivette Wealth Management in Yadkinville.
Charles Fackrell was recently barred from the securities industry by FINRA, the Financial Industry Regulatory Authority. FINRA barred him because Fackrell failed to respond to its investigation regarding his alleged theft of funds.
Charles Fackrell was a financial advisor and registered representative of LPL Financial from June 2010 to December 2014. He also was registered with Wells Fargo Advisors from December 2009 to June 2010. Fackrell was terminated by LPL Financial in December 2014 after his arrest and allegations that he stole money.
Broker-dealers like LPL Financial have a responsibility to adequately supervise all representatives who are registered through their firm, including investments sold by their registered representatives. Broker-dealers also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When broker-dealers fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Our attorneys have represented hundreds of investors who have defrauded by their financial advisor or stockbroker. While we have offices in Denver and the Seattle-area, our attorneys have represented numerous investors in North Carolina, and we currently and previously have represented numerous clients against LPL Financial. If you have lost money with Charles Fackrell or LPL Financial and want to hear about ALL legal options, please visit https://www.israelsneuman.com or call us at 720-599-3505.
Click to view FINRA AWC: Fackrell FINRA AWC