Stoltmann Law Offices continues to investigate Sonya Camarco, a former broker with LPL Financial. Ms. Camarco allegedly used her company, Camarco Investments, Inc., to steal over $2.8 million in investor funds from her clients. She allegedly took the money and used it to pay back credit card bills and took cash advances out on investor accounts. She also bought a home and paid for her personal home mortgage with the stolen funds. She also allegedly transferred investor funds directly in to her personal bank account and deposited investor funds through Camarco Investments into her personal bank account. When brokers conduct transactions that violate securities and firm laws, the brokerage firm with which they are employed may be liable for investment losses. Brokerage firms that fail to monitor the business activities of their brokers may be liable for investment losses due to not reasonably supervising their employees. Sonya Camarco was previously registered with Merrill Lynch in New York, New York from December 1993 until July 2000, Morgan Stanley in Purchase, New York from July 2000 until March 2004 and LPL Financial in Colorado Springs, Colorado from February 2004 until August 2017. She has a civil complaint pending against her.
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