Advisor Alert: Our Attorneys Are Investigating John Patrick Welp For Investment Fraud
Did You Lose Money Because of John Welp?
Filed: November 16, 2023
John Welp has been the subject of one (1) customer complaint. 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 John Patrick Welp.
Who Is John Patrick Welp of LPL Financial LLC?
- Advisor Name: John Patrick Welp
- Aliases: John Welp
- CRD: 2368419
- Location: Jasper, Indiana
- Current Employer: LPL Financial LLC
- Previous Firms: Invest Financial Corporation and ONB Investment Services, Inc.
- Number of Known Customer Complaints: 1
- Can John Welp Be Sued: Yes, in Private Arbitration
- Can John Welp’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $5,000
- Highest Settlement: $20,000
If you have suffered investment losses by John Welp, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a breach of fiduciary duty 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 John Welp For Broker Misconduct
As of this publication date, John Welp has been the subject of 1 customer dispute. Let’s review it below.
In December 2019, a FINRA arbitration was filed against or in reference to John Welp by a customer of LPL Financial LLC alleging breach of fiduciary duty and contract through unsuitable investment recommendations, misrepresentations, common law fraud, violations of the Securities Exchange Act of 1934, and negligent supervision. Per the customer, he/she lost over $5,000 because of Mr. Welp’s actions. On February 5, 2021, Mr. Welp settled the claim for $20,000, and some or all of this amount may have been paid by Mr. Welp’s employer and/or insurance carrier.
How To File A Claim Against John Welp of LPL Financial LLC (previously with Invest Financial Corporation and ONB Investment Services, Inc.) To Get Your Money Back.
If you have questions about John Welp, LPL Financial LLC, Invest Financial Corporation, ONB Investment Services, 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.