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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.