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UPDATE! JOSEPH LIKENS Barred by Securities Division

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26
Dec

UPDATE! JOSEPH LIKENS Barred by Securities Division

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UPDATE!  JOSEPH LIKENS Barred by Securities Division

Joseph Likens from Des Peres, Missouri Barred by Missouri Securities Division

 

Have you lost money with financial advisor Joseph Likens of Des Peres, Missouri?  We are continuing our investigation into allegations made by the Missouri Securities Division against Joseph A. Likens.  Missouri barred Likens from the securities industry after he allegedly sold promissory notes in a company called Chapiter, LLC, without permission to do so from his former brokerage firms, Merrill Lynch and LPL Financial.

 

Previously, FINRA, the Financial Industry Regulatory Authority, filed a regulatory action against Joseph Likens. FINRA also barred Likens from the securities industry after he failed to respond to a FINRA investigation.  FINRA was investigating Joseph Likens regarding allegations that he may have engaged in selling private securities without permission from Merrill Lynch or LPL Financial.

 

Joseph Likens was a financial advisor and registered representative of LPL Financial from January 2015 to May 2015.  He worked at a branch office in Des Peres, Missouri.  His BrokerCheck report also discloses that he worked with companies called Cornerstone Wealth Management and PWA Network.  Likens was previously affiliated with Merrill Lynch from April 2009 to January 2015.  He also filed for bankruptcy in 2013.

 

Brokerage firms like 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 and the Seattle area.  We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Missouri.  Our attorneys have represented over one thousand investors against many brokerage firms in the past, including LPL Financial.

 

Click to view:  Likens, Joseph Missouri Complaint

Click to view:  Likens, Joseph FINRA AWC

Click to view:  Likens, Joseph BrokerCheck 11.1.16

 

If you lost money with Joseph Likens or LPL Financial, please CONTACT US at 206-795-5798 for a free evaluation of your case.

 

Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency.  Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency.  All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact.  This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice.  Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis.  In contingent representation, clients may still be liable for costs.

Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.
10.0David P Neuman

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