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GULFPORT, Miss., Dec. 22, 2020 /PRNewswire/ -- A retired investor has filed a Financial Industry Regulatory Authority (FINRA) arbitration claim against LPL Financial and its former broker, Tamber King Proctor, seeking up to $100K in damages.
The claimant contends that LPL Financial and Proctor should have never recommended that he invest in the business development company (BDC), FS Energy & Power Fund (FSEP), and the Northstar Healthcare Real Estate Investment Trust (REIT). This claimant, who is an inexperienced investor, didn't want to take on much risk. He entrusted his savings to LPL Financial in the hopes of earning modest returns. He was reassured that his investments would be safe.