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LPL Broker Timothy McKenna: Pending Complaint

Timothy McKennaIndiana-based LPL Financial broker/adviser Timothy McKenna is the subject of several settled or pending customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. McKenna (CRD# 2213784).

Timothy McKenna has spent 23 years in the securities industry and has been registered with LPL Financial in Schererville, Indiana since 2011. Previous registrations include: ProEquities in Schererville, Indiana (1997-2011) and Mariner Financial Services in Largo, Florida (1992-1997). He is a registered broker and investment adviser with 15 US states: Arizona, California, Colorado, Florida, Georgia, Illinois, Indiana, Louisiana, Maryland, Michigan, Minnesota, Missouri, North Carolina, South Carolina, and Texas.

According to his BrokerCheck report, Timothy McKenna is the subject of one customer complaint and one pending customer complaint.

In February 2015 a customer alleged Timothy McKenna, while employed at ProEquities and LPL Financial, misrepresented and omitted material facts, made an unsuitable recommendation, disregarded his interests, and breached his fiduciary duty, causing “great financial loss.” The customer is seeking $445,000 in damages in the pending complaint.

In 2010 a customer alleged Timothy McKenna, while employed at ProEquities, failed to follow instructions to execute a trade, resulting in losses. The complaint settled for $2,750, to which Mr. McKenna individually contributed $2,750.

If you or someone you know has lost money investing with Timothy McKenna, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: Fitapelli Kurta only gets paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.

All information and facts in this article are based on publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on March 8, 2016.