Stoltmann Law Offices is investigating Michael Taillon, a former registered representative with LPL Financial. Taillon, a former broker in the Meadows of Dan, Virginia, LPL branch, allegedly violated sales practice rules and regulations in relation to his sale of non-traditional, leveraged and inverse exchange-traded funds. He is accused of making unsuitable recommendations to customers in Rydex Inverse, and ProShares, among others. Taillon was terminated from LPL Financial in January 2014. Non-traditional, leveraged and inverse exchange-traded funds can be risky investments and are not suitable for all investors. A broker must take into account a client’s net worth, portfolio, age and investment strategy before recommending investments to him or her. If you invested money with Michael Taillon, and suffered financial losses, please call our securities law firm in Chicago at 312-332-4200. The call is free with no obligation. You may be able to sue LPL Financial for not being able to supervise Taillon while he was employed there. Brokerage firms have a duty to supervise their registered brokers.
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