Advisor Alert: Our Attorneys Are Investigating Joseph Don Malboeuf For Investment Fraud
Did You Lose Money Because of Joseph Malboeuf?
Filed: November 2, 2023
Joseph Malboeuf has been the subject of two (2) 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 Joseph Don Malboeuf.
Who Is Joseph Don Malboeuf of LPL Financial LLC?
- Advisor Name: Joseph Don Malboeuf
- Aliases: Joseph Malboeuf
- CRD: 4825607
- Location: Colchester, Vermont
- Current Employer: LPL Financial LLC
- Previous Firms: Lincoln Financial Securities Corporation and Edward Jones
- Number of Known Customer Complaints: 2
- Can Joseph Malboeuf Be Sued: Yes, in Private Arbitration
- Can Joseph Malboeuf’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $5,000
- Highest Settlement: $102,959.65
If you have suffered investment losses by Joseph Malboeuf, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a stockbroker 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 Joseph Malboeuf For Broker Misconduct
As of this publication date, Joseph Malboeuf has been the subject of 2 customer disputes. Let’s review them below.
In March 2020, a complaint was filed against or in reference to Joseph Malboeuf by a customer of LPL Financial LLC alleging that Mr. Malboeuf failed to follow instructions with respect to allocation of accounts from October 1, 2019 to April 1, 2020. On July 19, 2020, Mr. Malboeuf settled the claim for $85,000, and some or all of this amount may have been paid by Mr. Malboeuf’s employer and/or insurance carrier.
In March 2009, a complaint was filed against or in reference to Joseph Malboeuf by a customer of Edward Jones alleging that Mr. Malboeuf contacted the client and left her a message about investing. The client states she told Mr. Malboeuf she wasn’t interested and felt it was too risky. The client states Mr. Malboeuf contacted her again and told her he had a bond paying 8.25% interest that was guaranteed by the federal government. The client added that Mr. Malboeuf told her she would get all of her money back in 2 1/2 years. After being assured it was a safe investment, she invested over $100,000. The client states she recently learned she purchased a preferred stock and that it is not guaranteed by the federal government. The client added that this investment was blatantly misrepresented to her. Per the customer, she lost over $5,000 because of Mr. Malboeuf’s actions. On November 5, 2009, Mr. Malboeuf settled the claim for $102,959.65, and some or all of this amount may have been paid by Mr. Malboeuf’s employer and/or insurance carrier.
How To File A Claim Against Joseph Malboeuf of LPL Financial LLC (previously with Lincoln Financial Securities Corporation and Edward Jones) To Get Your Money Back.
If you have questions about Joseph Malboeuf, LPL Financial LLC, Lincoln Financial Securities Corporation, Edward Jones, 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.