Advisor Alert: Our Attorneys Are Investigating Benjamin Rhett Fordham For Investment Fraud
Did You Lose Money Because of Benjamin Fordham?
Filed: March 21, 2024
Benjamin Fordham (also known as Benjamin R Fordham, Benjamin Richard Fordham, Rhett R Fordham, Rhett Fordham) has been the subject of four (4) customer complaints and one (1) regulatory event. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Benjamin Rhett Fordham.
Who Is Benjamin Rhett Fordham of LPL Financial LLC?
- Advisor Name: Benjamin Rhett Fordham
- Aliases: Benjamin R Fordham, Benjamin Richard Fordham, Rhett R Fordham, Rhett Fordham
- CRD: 4592437
- Location: Franklin, Tennessee
- Current Employer: LPL Financial LLC
- Previous Firms: Raymond James Financial Services Advisors, Inc., Raymond James Financial Services, Inc., and Fifth Third Securities, Inc.
- Number of Known Customer Complaints: 4
- Number of Known Regulatory Events: 1
- Can Benjamin Fordham Be Sued: Yes, in Private Arbitration
- Can Benjamin Fordham’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $178,000
- Highest Settlement: $32,500
If you have suffered investment losses by Benjamin Fordham, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Benjamin Fordham For Broker Misconduct
As of this publication date, Benjamin Fordham has been the subject of 4 customer disputes and 1 regulatory event. Let’s review them below.
In November 2022, a FINRA arbitration was filed against or in reference to Benjamin Fordham by multiple customers of Raymond James Financial Services, Inc. alleging unsuitable recommendations of structured products. Per the customers, they lost over $100,000 because of Mr. Fordham’s actions. On August 7, 2023, Mr. Fordham settled the claim for $32,500, and some or all of this amount may have been paid by Mr. Fordham’s employer and/or insurance carrier.
In December 2017, Florida Office of Financial Regulation initiated a regulatory action against or in reference to Benjamin Fordham for making a material misstatement on the application for registration.
In May 2014, a complaint was filed against or in reference to Benjamin Fordham by multiple customers of Fifth Third Securities, Inc. alleging that Mr. Fordham misrepresented a federal home loan mortgage bond and a unit investment trust which led to purchases in October of 2012. Per the customers, they lost over $178,000 because of Mr. Fordham’s actions. On June 18, 2015, Mr. Fordham settled the claim for $23,250, and some or all of this amount may have been paid by Mr. Fordham’s employer and/or insurance carrier.
In October 2013, a complaint was filed against or in reference to Benjamin Fordham by multiple customers of Fifth Third Securities, Inc. alleging that Mr. Fordham misrepresented a federal home loan mortgage bond which led to a purchase in October of 2012. Per the customers, they lost over $12,000 because of Mr. Fordham’s actions.
In June 2010, a complaint was filed against or in reference to Benjamin Fordham by a customer of Fifth Third Securities, Inc. alleging that Mr. Fordham misrepresented and made unsuitable recommendations of structured products, which led to a purchase in October 2009. Per the customer, he/she lost over $12,000 because of Mr. Fordham’s actions.
How To File A Claim Against Benjamin Fordham of LPL Financial LLC (previously with Raymond James Financial Services Advisors, Inc., Raymond James Financial Services, Inc., and Fifth Third Securities, Inc.) To Get Your Money Back
If you have questions about Benjamin Fordham, LPL Financial LLC, Raymond James Financial Services Advisors, Inc., Raymond James Financial Services, Inc., Fifth Third Securities, Inc., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.