Jeffrey Arthur Cashmore entered the financial industry in 1989. He was employed by LPL Financial for 18 years, from 1994 to 2012.
On October 2, 2012 Cahsmore signed a Letter of Acceptance, Award and Consent with FINRA. According to the AWC, Cashmore prepared and distributed misleading sales materials to at least 100 of his existing and prospective customers. As a result, Cashmore was suspended for one-month from association with any FINRA member firm in any capacity and fined $5,000.
During his time at LPL, Cashmore also received a customer complaint for allegations of unsuitable investments, false claims, breach of contract, breach of fiduciary duty and fraud. The cases settled for $390,000.
Jeffrey Cashmore left LPL in 2012 and is not currently employed by any FINRA registered broker-dealer firm. For a full list of Cashmore’s customer complaints and FINRA violations, see his BrokerCheck Report, provided for free on FIRNA’s website.