Advisor Alert: Our Attorneys Are Investigating Christopher Bryan Black For Investment Fraud
Did You Lose Money Because of Chris Black?
Filed: November 6, 2023
Chris Bryan Black has been the subject of one (1) regulatory event, one (1) termination event, and four (4) customer complaints. 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 Christopher Bryan Black.
Who Is Christopher Bryan Black?
- Advisor Name: Christopher Bryan Black
- Aliases: Chris Bryan Black
- CRD: 5049080
- Location: Statesboro, Georgia
- Current Employer: No Longer Allowed to Practice in the Securities Industry
- Previous Firms: LPL Financial LLC, Wells Fargo Clearing Services, LLC, and State Farm VP Management Corp
- Number of Known Customer Complaints: 4
- Number of Known Regulatory Events: 1
- Number of Known Termination Events: 1
- Can Christopher Black Be Sued: Yes, in Private Arbitration
- Can Christopher Black’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $72,044
- Highest Settlement: $128,936.70
If you have suffered investment losses by Christopher Black, 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 Chris Black For Broker Misconduct
As of this publication date, Christopher Black has been the subject of 1 regulatory event, 1 termination event, and 4 customer disputes. Let’s review them below.
In May 2021, a complaint was filed against or in reference to Christopher Black by a customer of LPL Financial LLC alleging unsuitable recommendation and purchase of bond investments with regard to risk tolerance and investment objective in September 2019 – September 2020. Per the customer, he/she lost over $84,166.22 because of Mr. Black’s actions.
In January 2021, FINRA initiated a regulatory action against or in reference to Christopher Black. Without admitting or denying the findings, Black consented to the sanction and to the entry of findings that he refused to provide information and documents that were requested by FINRA in connection with an investigation into circumstances of his termination from his former member firm. The findings stated that Black’s former firm filed a Form U5 stating that it had terminated Black for entering into undisclosed loan arrangements with a customer without providing notice to the firm.
In October 2020, a complaint was filed against or in reference to Christopher Black by a customer of LPL Financial LLC alleging misappropriation of funds in August 2019 – July 2021. On July 3, 2021, Mr. Black settled the claim for $40,000, and some or all of this amount may have been paid by Mr. Black’s employer and/or insurance carrier.
In July 2020, a complaint was filed against or in reference to Christopher Black by a customer of LPL Financial LLC alleging misrepresentation and unsuitable recommendations with regard to the purchase of bond investments.
In April 2020, a complaint was filed against or in reference to Christopher Black by a customer of LPL Financial LLC alleging unsuitable recommendation and purchase of bond investments with regard to risk tolerance and investment objective. Per the customer, he/she lost over $72,044 because of Mr. Black’s actions. On July 9, 2020, Mr. Black settled the claim for $128,936.70, and some or all of this amount may have been paid by Mr. Black’s employer and/or insurance carrier.
In March 2020, LPL Financial LLC terminated Christopher Black for entering into undisclosed loan arrangements with customers without notice to Firm, in violation of Firm policy.
How To File A Claim Against Chris Black (previously with LPL Financial LLC, Wells Fargo Clearing Services, LLC, and State Farm VP Management Corp) To Get Your Money Back.
If you have questions about Christopher Black, LPL Financial LLC, Wells Fargo Clearing Services, LLC, State Farm VP Management Corp, 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.