Two LPL Financial LLC Brokers, Thomas Caniford and Andrew Carter, Permanently Barred by FINRA

Both brokers barred following termination from same firm

One broker had over 30 years’ experience in the securities industry. One broker had only one year of experience in the securities industry. Yet both brokers were terminated from LPL Financial LLC within a month of each other.

According to the FINRA BrokerCheck website, both Thomas H. Caniford and Andrew M. Carter were terminated earlier this year from the firm for what seem to be fairly similar reasons.

In the case of Thomas Caniford, after 32 years in the securities industry, he was terminated for violating firm policy regarding his control of client funds in a bank account and for failing to provide bank records that the firm requested. As such, FINRA performed an investigation into his separation from LPL Financial wherein Thomas was requested to provide information. He failed to do so in this case as well, and therefore has been permanently barred from performing as a broker or associating with firms selling securities to the public.

For Andrew Carter, his short career in the securities industry ended following his termination from the firm for allegedly forging a customer’s signature to make an unauthorized withdrawal of funds from the customer’s bank account. In the same manner, FINRA performed an investigation into his separation from LPL Financial and requested information from Carter. Carter failed to respond to the request, and as a result, he too has been permanently barred from the securities industry.

In both cases, the brokers had tax judgments or liens filed against them in recent years. In the case of Carter, there was also a civil judgment or lien filed against him.

If you have suffered financial loss at the hands of Caniford, Carter or any financial adviser, it is essential that you know your legal rights. You may be eligible for loss recovery through securities arbitration, and that is Silver Law Group’s specialty.

Silver Law Group has attorneys practicing nationwide with the appropriate skills and expertise to help you explore your legal options further. With Silver Law Group, you can expect a free consultation with an experienced securities arbitration attorney. Each case is handled on a contingent fee basis; that is, you only have to pay if Silver Law Group wins your case.

If you think pursuing loss recovery may be right for you, contact Silver Law Group today.