Lincoln Financial Advisors Corporation: Bringing Claims Against Them

Stoltmann Law Offices is investigating Lincoln Financial Advisors Corporation out of Fort Wayne, Indiana. The Financial Industry Regulatory Authority (FINRA) filed a complaint against the brokerage firm for allegedly failing to adequately supervise the sales of a hedge fund that were offered as a sub-account for a private placement variable annuity. The hedge fund engaged in complex options trading, which was risky for customers. The investments of at least 25 customers totaled over $11.7 million. The hedge fund was offered between October 2008 and April 2009. Investors lost millions in the particular hedge fund. Lincoln Financial failed to provide adequate training to their representatives who sold the fund, and failed to supervise customer-specific suitability determinations in connection with the sale of the hedge fund. Lincoln Financial was fined $150,000.

If you invested money with Lincoln Financial Advisors Corporation, please contact our securities law offices in Chicago at 312-332-4200 to speak to an attorney. You may be able to bring a claim against Lincoln Financial Advisors for failing to provide adequate training to their registered representatives. They could be liable for financial losses in this way. The call is free with no obligation. Please call as soon as possible because there is a statute of limitations on most cases.