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Articles Tagged with Lincoln Investment Planning

Shepherd Smith Edwards and Kantas Investigates Claims Involving Lincoln Investment Planning Broker Lester Burroughs

Published on: December 10, 2019 | by Shepherd Smith Edwards & Kantas, LLP

SSEK Investigate Lincoln Investment Planning Broker, Lester Burroughs

If Lincoln Investment Planning investment advisor and broker, Lester Burroughs, worked with you as an investor and you suffered financial losses that you suspect may be due to fraud or negligence, please contact our broker fraud lawyers at Shepherd Smith Edwards and Kantas, LLP (SSEK Law Firm) today.

Burroughs, who pleaded guilty to wire fraud in the criminal case against him, is currently at the center of a parallel US Securities and Exchange Commission (SEC) complaint accusing him of defrauding retail investors. Now, the regulator is seeking a jury trial in its civil lawsuit against the Lincoln Investment Planning broker, who had been based out of Connecticut.

Financial Firm News: Includes Lincoln Investment Planning, Grenda Group, and Massachusetts Financial Services Company

Published on: September 7, 2018 | by Shepherd Smith Edwards & Kantas, LLP

Lincoln Investment Planning to Pay Clients For Not Giving Discounts on Mutual Fund Shares

FINRA is ordering broker-dealer Lincoln Investment Planning to pay $1.37M to clients to whom it did not give the discounts they were entitled to when they purchased mutual fund A shares between 1/2011 and 6/2018.

The self-regulatory organization contends that the firm placed certain charitable organizations and retirement plan customers at a disadvantage by charging them a front-end sales charge even when they qualified to not pay the fees.