Former LPL Financial broker, Russell Sadler Fined $25,000 and Suspended for 12-months for Failure to Disclose Private Securities Transactions

By September 12, 2016 September 20th, 2017 News

According to his Letter of Acceptance, Waiver and Consent (“AWC”) with FINRA, Russell Sadler assented to a fine of $25,000 and a 12-month suspension from the securities industry for not disclosing certain private securities transactions to his firm.  FINRA alleged that Sadler failed to get the written consent of his then firm LPL Financial for entering into these private securities transactions and included many LPL Financial clients in these investments, resulting in substantial losses.  Further, he formed and operated two other companies while employed at LPL Financial, which he did not disclose to the firm as detailed in AWC 2014039725301.

Fishman Haygood represents investors who have suffered investment losses in claims against their brokers or financial advisors. Our experienced attorneys have brought securities fraud cases in state and federal courts across the nation, as well as in FINRA arbitration. We work to help investors recoup their losses.

Of course, all cases are different. For that reason, we analyze each client’s matter individually and provide our personalized evaluation only after considering all of the facts and circumstances of all possible claims. If you or someone you know is the victim of securities fraud, please contact a Fishman Haygood lawyer today.

5 STEPS YOU SHOULD TAKE TODAY IF YOU'RE THE VICTIM OF INVESTMENT FRAUD