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SEC Files Cease and Desist vs. Former LPL Financial Broker Paul Edward Lloyd, Jr. , Waxhaw, N. Carolina

SEC Files Cease and Desist vs. Former LPL Financial Broker Paul Edward Lloyd, Jr. , Waxhaw, N. Carolina

SEC Files Cease and Desist vs. Former LPL Financial Broker Paul Edward Lloyd, Jr. , Waxhaw, N. Carolina 150 150 Rex Securities Law

On September 30, 2014, the SEC filed an Administrative Proceeding against Paul Edward Lloyd, Jr. , a certified public  accountant and former LPL Financial broker from Waxhaw, North Carolina, seeking a Cease and Desist order in connection the fraudulent offer and sale of conservation easements and misappropriation of investor funds.

According to the SEC, Lloyd, who a registered broker with LPL Financial from 10/2006-4/2013,  offered interests to his tax clients in the following entities:

  • Forest Conservation 2011, LLC
  • Forest Conservation 2012, LLC
  • Forest Conservation 2012, II, LLC

Lloyd is charged with making various misrepresentations about the investments as well as the purported tax benefits to be derived therefrom.

If you suffered damages in an account handled by Lloyd, call to discuss your legal options.

Rex Securities Law provides nationwide representation to investors 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.

Rex Securities Law

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