Return to: Investment News

Sonya Camarco, LPL Financial, Securities Fraud Investigation

The Colorado Department of Regulatory Agencies (DORA) released information Tuesday that Camarco was indicted Thursday by a Colorado grand jury.
Sonya D. Camarco, 45, faces six counts of securities fraud and seven counts of theft.
In August, Sonya Camarco was terminated by LPL Financial for "depositing third party checks from client accounts into a bank account she controlled and accessing client funds for personal use."

Shortly thereafter, the SEC announced an emergency court order and asset freeze has been obtained preventing Camarco from further dissipating stolen client assets.

The White Law Group is investigating the liability that LPL Financial may have for failure to properly supervise Camarco.
"Brokerage firms are required to supervise their advisors to ensure that they are complying with FINRA rules,” said D. Daxton White, managing partner of The White Law Group.
“If it can be determined that Camarco violated FINRA rules and her employers failed to adequately supervise her, these firms can be held responsible for any resulting losses in a FINRA arbitration claim. We will continue to investigate the liability that Camarco’s former employers may have for losses sustained by her clients."
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida. The firm represents investors throughout the country in FINRA arbitration claims against their brokerage firm and financial advisors.

For a free consultation with a securities attorney, please call the securities attorneys of The White Law Group at 1-888-637-5 ...

News Release: Sonya Camarco, LPL Financial, Securities Fraud Investigation
Submitted on: September 28, 2017 03:50:40 PM
Submitted by: Daxton White
On behalf of: