Melvin Case-Former LPL Financial Broker-Discharged for Failing to Report Pleading Guilty to Exploitation of Aged Adult-Jacksonville, FL

Melvin Case-Former LPL Financial Broker-Discharged for Failing to Report Pleading Guilty to Exploitation of Aged Adult-Jacksonville, FL

Melvin Case-Former LPL Financial Broker-Discharged for Failing to Report Pleading Guilty to Exploitation of Aged Adult-Jacksonville, FL 150 150 Robert Rex, Esq.

February 2018-Jacksonville, FL

According to publicly available records Melvin E. Case  , (CRD# 2393464) ,  a   former stockbroker who last worked for LPL Financial LLC,  discloses that he was recently sanctioned by securities regulators after pleading guilty to exploitation of an aged adult. In addition, Case has settled several customer disputes and was discharged from employment by LPL Financial. 

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In January 2018 Case was suspended for six months from acting as a broker and fined $5,000 for wilfully failing to timely amend regulatory records to disclose a felony charge and guilty plea. In 8/2016 Case plead guilty to exploiting an adult. Adjudication of guilt was withheld and he was placed on probation for 24 months.

In May 2017 LPL Financial discharged Case and LPL Finanical made the following allegation on his FINRA record: “Allegations of criminal charges involving exploitation of an aged adult after converting the victim’s money for his own benefit.”

IN 1/2006 a customer of Case was paid $100,000 to resolve allegations that he made unsuitable recommendations and failed to properly allocate assets in the account.

If you have losses in an  investment account handled by Melvin Case  , call to learn how you may be able to recover damages through FINRA arbitration.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

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Rex Securities Law

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Florida-561 391 1900 

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