Robert Earls: Former LPL Financial Advisor Under Investigation for Alleged Misappropriated Customer Funds
Robert Earls, a former financial advisor based in Roanoke, Virginia, is facing multiple investor complaints alleging unsuitable investment recommendations and misappropriation of funds. Earls was previously registered with LPL Financial LLC from 2001 until 2024.
Have you been a victim of broker misconduct or negligence by Robert Earls? Our experienced legal team at Meyer Wilson is here to protect your rights and fight for the compensation you deserve.
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The Allegations Against Robert Earls
Robert Earls, a former broker at LPL Financial, has faced several serious allegations of unsuitable investments and misconduct. In March 2024, one complaint alleged that Earls recommended an inappropriate real estate investment that did not align with the customer’s financial goals and risk tolerance. Another complaint from the same month claimed that Earls failed to return $20,000 in withdrawn funds to a customer, raising concerns about his handling of client assets.
A third March 2024 complaint alleged that Earls received $1.1 million from a customer, claiming it would be invested in various financial products, but no such accounts exist at LPL Financial, leading to suspicions of fraudulent activity. Additionally, a February 2024 complaint alleged that Earls misappropriated funds between 2015 and 2024, with unspecified damages, indicating a long-term pattern of misconduct.
In March 2024, another complaint alleged that Earls failed to sell stock shares as instructed, resulting in a $21,139.08 settlement, further highlighting his negligence and disregard for client instructions. This is an alarming pattern of behavior that should raise the eyebrows of any current clients or financial professionals working with him.
Robert Earls’ Extensive Professional History
Registrations and Affiliations
UVest Investment Services
Royal Alliance Associates
One Valley Securities
Davenport & Company
Ferguson Andrews & Associates
Planco Financial Services
Travelers Equities Sales
Equico Securities
Ongoing Investigation
The US Department of Justice for the Western District of Virginia is conducting a grand jury investigation into allegations of misappropriation in customers’ accounts related to Robert Earls’ conduct. The investigation remains pending.
Contact Meyer Wilson for a Free Consultation
If you or a loved one have suffered significant investment losses because of financial advisor misconduct, it’s crucial to seek professional guidance and explore your legal options to protect yourself.
Our experienced team of broker misconduct attorneys specializes in representing investors who have been victims of fraud, negligence, or misconduct by financial advisors, brokers, or investment firms. With a deep understanding of securities laws and regulations, we are dedicated to protecting your rights and helping you recover your losses.
Don’t hesitate to take action. Call Meyer Wilson at 866-938-2021 to schedule a free and confidential consultation. Our knowledgeable securities attorneys will review your case, explain your legal options, and provide you with the guidance you need to navigate this challenging situation.
Written By: Courtney Werning
Recovering Losses Caused by Investment Misconduct.