Advisor Alert: Our Attorneys Are Investigating Steven Edwin Fairchild For Investment Fraud
Did You Lose Money Because of Steven Fairchild?
Filed: November 6, 2023
Steven Fairchild has been the subject of three (3) 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 Edwin Fairchild.
Who Is Steven Edwin Fairchild of Fairchild Financial Advisors, Inc. and LPL Financial LLC?
- Advisor Name: Steven Edwin Fairchild
- Aliases: Steven Fairchild
- CRD: 849127
- Location: Folsom, California
- Current Employer: Fairchild Financial Advisors, Inc. and LPL Financial LLC
- Previous Firms: National Planning Corporation
- Number of Known Customer Complaints: 3
- Can Steven Fairchild Be Sued: Yes, in Private Arbitration
- Can Steven Fairchild’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $1,106,892
- Highest Settlement: $165,00
If you have suffered investment losses by Steven Fairchild, 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 Steven Fairchild For Broker Misconduct
As of this publication date, Steven Fairchild has been the subject of 3 customer disputes. Let’s review them below.
In March 2020, a FINRA arbitration was filed against or in reference to Steven Fairchild by a customer of National Planning Corporation alleging unsuitable investment. Per the customer, he/she lost over $211,005 because of Mr. Fairchild’s actions. On February 17, 2021, Mr. Fairchild settled the claim for $40,000, and some or all of this amount may have been paid by Mr. Fairchild’s employer and/or insurance carrier.
In July 2013, a FINRA arbitration was filed against or in reference to Steven Fairchild by a customer of National Planning Corporation alleging fraud and intentional deceit, untrue statements or omissions in connection with purchase or sale of security, recommendations beyond customer capability and breach of fair dealing with customers, suitability, failure to “know your customer,” breach of fiduciary duty, negligence, negligent misrepresentation, negligent supervision, and respondeat superior. Per the customer, he/she lost over $1,106,892 because of Mr. Fairchild’s actions. On April 10, 2015, Mr. Fairchild settled the claim for $165,000, and some or all of this amount may have been paid by Mr. Fairchild’s employer and/or insurance carrier.
In February 1996, a complaint was filed against or in reference to Steven Fairchild by a customer of Associated Planners Securities Corp. alleging misrepresentation, breach of fiduciary duty, suitability, account related – failure to supervise. Per the customer, he/she lost over $100,000 because of Mr. Fairchild’s actions. On December 11, 1996, Mr. Fairchild settled the claim for $25,000, and some or all of this amount may have been paid by Mr. Fairchild’s employer and/or insurance carrier.
How To File A Claim Against Steven Fairchild of Fairchild Financial Advisors, Inc. and LPL Financial LLC (previously with National Planning Corporation) To Get Your Money Back.
If you have questions about Steven Fairchild, Fairchild Financial Advisors, Inc., LPL Financial LLC, National Planning Corporation, 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.