Victims of Former LPL Financial Representative, Arthur Lin, Could Recover Losses

by InvestorLawyers on March 30, 2012

in FINRA,LPL Financial,Securities Fraud,Unregistered Securities

Securities arbitration lawyers are currently consulting with investors who suffered losses because of their association with Arthur Lin. A former LPL Financial representative, Lin has been accused of selling “…$5,360,000 in unregistered promissory notes issued by Malarz Equity Investments LLC to at least 20 investors, including 15 LPL customers,” according to Securities and Exchange Commission documents. Lin was registered with the Financial Industry Regulatory Authority (FINRA) member firm LPL Financial; investors who suffered losses during the time he was registered may be able to recover their losses through FINRA arbitration.

Victims of Former LPL Financial Representative, Arthur Lin, Could Recover Losses

According to the SEC, Lin was permanently enjoined from future violations of federal securities law on January 25, 2012. Between September 2006 and December 2008, Lin allegedly sold unregistered promissory notes to LPL Financial clients. Some fraudulent promissory notes should be registered with applicable regulatory bodies but, instead, bypass registration. Unregistered promissory notes that should have been registered are in violation of federal securities laws and victims of this fraud may be able to recover losses through securities arbitration.

Furthermore, according to the complaint, “Lin knowingly or recklessly made material misrepresentations or omitted to state material facts to investors regarding the risks of the investments and the use of investor funds,” according to the SEC.

For more information on promissory note scams and how to tell if you may have been a victim, see the previous blog posts, “Investors Beware of Promissory Note Scams” and “Promissory Note Scams: What You Need to Know.”

Investment fraud lawyers are investigating claims on behalf of Arthur Lin’s clients and other individuals who suffered losses as a result of fraudulent promissory notes. Many of Lin’s clients may be able to recover losses through securities arbitration claims. To find out more about your legal rights and options, contact a securities fraud attorney at The Law Office of Christopher J. Gray at (866) 966-9598 for a no-cost, confidential consultation.

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