Public records published by the Financial Industry Regulatory Authority (FINRA) on December 4, 2016 indicate that Texas-based LPL Financial broker/adviser Charles Elhoff has received resolved or pending customer disputes. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Elhoff (CRD# 76936).
Charles Elhoff has spent 42 years in the securities industry and has been registered with LPL Financial in Arlington and Southlake, Texas since 2014. Previous registrations include VSR Financial Services in Arlington, Texas; H. Beck in Arlington, Texas; MML Investors Services in Springfield, Massachusetts; H. Beck in Bethesda, Maryland; Lowry Financial Services; and Cigna Securities. He is a registered broker and investment adviser with fourteen US states and territories: Alabama, Arizona, California, Colorado, Florida, Georgia, Illinois, Louisiana, Missouri, North Carolina, Oklahoma, Pennsylvania, Texas, and Virginia.
According to his BrokerCheck report, Charles Elhoff has received one customer complaint and one pending customer complaint.
In October 2016 a customer alleged Charles Elhoff, while employed at H. Beck, recommended unsuitable illiquid investments. The customer is seeking unspecified damages in the pending complaint.
In 1990 a customer alleged Charles Elhoff, while employed at Baker Elhoff & White, breached contract, acted negligently, committed fraud, and misrepresented material facts. The complaint settled for $27,500.
Federal securities law prohibits brokers like Charles Elhoff from making untrue or false statements that can mislead their clients, an act referred to as “misrepresentation.” They are also forbidden from omitting material facts regarding an investment, or the effect that an investment could have on the client’s finances. A “material fact” is a piece of information that would be a significant consideration for a reasonable investor in making a decision about an investment. Some examples include the risk level of a stock, the potential return on an investment, or the fees involved with the transaction. Brokers and investment advisers who misrepresent material facts may be subject to disciplinary action.
If you or someone you know has lost money investing with Charles Elhoff, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recoup your losses. We accept all cases on contingency: Fitapelli Kurta only gets paid if and when you collect money. Time to file your claim may be limited, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.