Pamela Caldero worked for LPL Financial from 2004 to 2011 before being terminated for borrowing money from one of her customers.
On December 18, 2013 Caldero entered into an AWC with FINRA, consenting to a six month suspension from the financial industry and a $5,000 fine. According to the AWC, Caldero borrowed $150,000 from her customers at LPL in order to pay off the mortgage on an undeveloped piece of land she owned.
Caldero also received a customer complaint, while employed at LPL alleging an unsuitable annuity withdrawal and that a loan the customer made to Caldero had not been repaid in full. The customer received $250,000 in settlement.
Pamela Caldero worked for Independent Financial after being terminated from LPL and remained there until 2012. She is not currently employed by any FINRA registered broker-dealer firm