Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on June 10, 2016 indicate that former LPL broker Thomas Caniford has been permanently barred from associating with firms that sell securities to the public. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Caniford (CRD# 1049021).
Thomas Caniford has spent 32 years in the securities industry and was most recently registered with LPL Financial in North Canton, Ohio (2008-2015). Previous registrations include M Holdings Securities in North Canton (2004-2008); Multi-Financial Securities in Denver, Colorado (2004); Vestax Securities in Hudson, Ohio (1997-2004); Multi-Financial Securities in Denver, Colorado (1991-1997); Mutual Service Corporation in Boston, Massachusetts (1989-1991); Lowry Financial Services Corporation in North Palm Beach, Florida (1984-1989); Anchor National Financial Services (1983-1984); and Integrated Resources Equity Corporation (1982-1983).
According to his BrokerCheck report, Thomas Caniford has received one regulatory sanction, seven customer complaints, one pending customer complaint, and one felony charge. He was also discharged from his position at LPL Financial.
In March 2016, Thomas Caniford pled guilty to 135 felony counts that included securities fraud, publishing false statements, and theft from the elderly. He was sentenced to 12 years in prison.
In February 2016, a customer alleged Thomas Caniford, while employed at LPL Financial, misappropriated funds. The customer is seeking $330,000 in damages in the pending complaint.
In September 2015, a customer alleged Thomas Caniford, while employed at LPL Financial, sold away from his member firm. The customer is seeking $51,500 in damages in the pending complaint.
In August 2015, a customer alleged Thomas Caniford, while employed at LPL Financial, made misrepresentations. The complaint settled for $4,600.
In July 2015, a customer alleged Thomas Caniford, while employed at LPL Financial, stole approximately $105,000 in funds. The complaint settled for $105,000.
In April 2015, a customer alleged Thomas Caniford, while employed at LPL Financial, made an unapproved investment and misappropriated funds. The complaint settled for $8,500.
In March 2015, FINRA sanctioned Thomas Caniford following allegations he failed to respond to a request for information. Mr. Caniford was permanently barred from the securities industry.
In February 2015, Thomas Caniford was terminated from his position at LPL Financial following allegations he had custody and control of client funds in a bank account and failed to provide bank records per firm request.
If you have lost money investing with Thomas Caniford, you may be able to recover your losses. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis: Fitapelli Kurta only gets paid if and when you collect funds. 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.