Advisor Alert: Our Attorneys Are Investigating Steven Charles Champagne For Investment Fraud
Did You Lose Money Because of Steven Champagne?
Filed: November 2, 2023
Steven Champagne has been the subject of five (5) financial events and five (5) 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 Steven Charles Champagne.
Who Is Steven Charles Champagne of LPL Financial LLC and Private Advisor Group, LLC?
- Advisor Name: Steven Charles Champagne
- Aliases: Steven Champagne
- CRD: 4169488
- Location: Sevierville, Tennessee
- Current Employer: LPL Financial LLC and Private Advisor Group, LLC
- Previous Firms: Morgan Stanley and Morgan Keegan & Company, Inc.
- Number of Known Customer Complaints: 5
- Number of Known Financial Events: 5
- Can Steven Champagne Be Sued: Yes, in Private Arbitration
- Can Steven Champagne’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $164,772.19
- Highest Settlement: $74,500
If you have suffered investment losses by Steven Champagne, 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 Steven Champagne For Broker Misconduct
As of this publication date, Steven Champagne has been the subject of 5 financial events, and 5 customer disputes. Let’s review them below.
In September 2019, a FINRA arbitration was filed against or in reference to Steven Champagne by multiple customers of MSSB alleging that Mr. Champagne solicited outside investment opportunities not authorized by the firm from 2014 to 2018. On March 18, 2021, Mr. Champagne settled the claim for $74,500, and some or all of this amount may have been paid by Mr. Champagne’s employer and/or insurance carrier.
In October 2018, a FINRA arbitration was filed against or in reference to Steven Champagne by a customer of MSSB alleging conversion of funds and selling away with respect to outside investment purchased through Mr. Champagne. On March 23, 2021, Mr. Champagne settled the claim for $55,000, and some or all of this amount may have been paid by Mr. Champagne’s employer and/or insurance carrier.
In November 2016, a complaint was filed against or in reference to Steven Champagne by multiple customers of Morgan Stanley alleging that the purchases of on deck stock in their accounts in 2014 and 2015 were unauthorized. Per the customers, they lost over $164,772.19 because of Mr. Champagne’s actions. On September 7, 2017, Mr. Champagne settled the claim for $30,000, and some or all of this amount may have been paid by Mr. Champagne’s employer and/or insurance carrier.
In February 2016, Bank of America reported that Mr. Champagne had outstanding debt totaling $16,071.91. Mr. Champagne settled this matter in the amount of $4,000.
In February 2016, Devonus/Merrick Bank reported that Mr. Champagne had outstanding debt totaling $5,278.76. Mr. Champagne settled this matter in the amount of $2,111.50.
In February 2016, Prefrd Cust/ Wells Fargo reported that Mr. Champagne had outstanding debt totaling $9,634. Mr. Champagne settled this matter in the amount of $3,372.03.
In February 2016, American Express reported that Mr. Champagne had outstanding debt totaling $2,379. Mr. Champagne settled this matter in the amount of $1,190.
In February 2016, Synchrony Bank reported that Mr. Champagne had outstanding debt totaling $3,470. Mr. Champagne settled this matter in the amount of $1,750.
In June 2010, a complaint was filed against or in reference to Steven Champagne by a customer of Morgan Keegan & Company, Inc. alleging unsuitability with regard to a variable annuity.
In March 2010, a complaint was filed against or in reference to Steven Champagne by a customer of Morgan Keegan & Company, Inc. alleging unsuitability with regard to a REIT purchased. Per the customer, he/she lost over $48,848 because of Mr. Champagne’s actions.
How To File A Claim Against Steven Champagne of LPL Financial LLC and Private Advisor Group, LLC (previously with Morgan Stanley and Morgan Keegan & Company, Inc.) To Get Your Money Back.
If you have questions about Steven Champagne, LPL Financial LLC, Private Advisor Group, LLC, Morgan Stanley, Morgan Keegan & Company, 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.