November 2020- Baton Rouge, LA
According to publicly available records, former LPL Financial advisor Patrick Coogan, has been barred from the securities industry by FINRA.
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 April 2020, in FINRA case 2018058134301sd, Coogan was permanently barred from the securities industry to resolve allegations that he made reckless misrepresentations of material fact in agreements he signed in connection with loans his customer obtained from multiple banks. Coogan enabled the customer to improperly obtain multiple bank loans by over-pledging the customer’s assets and making material misrepresentations to the lender banks.
Coogan had been employed by LPL Financial since June of 2009. Coogan operated his financial services business through a dba called Champion Wealth Strategies.
If you have losses in an account handled by Patrick Coogan, 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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