Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on December 31, 2018 indicate that former Maryland-based LPL Financial broker/adviser Aaron Austin has been sanctioned by FINRA in connection to alleged rule violations and from acting as a broker. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Austin (CRD# 5481214).
Aaron Austin has spent four years in the securities industry and was most recently registered with LPL Financial in Bel Air, Maryland (2017-2018). Previous registrations include M&T Securities in Bear, Delaware (2012-2015) and M&T Securities in Bel Air, Maryland (2010-2011). He has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on August 24, 2015; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on December 20, 2012; SIE (Securities Industry Essentials Examination), which he obtained on May 25, 2018; and Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on May 10, 2010. He is currently not registered with any state or firm.
According to his BrokerCheck report, he has received one customer complaint, one regulatory sanction, and a pending criminal charge, and he was discharged from his former employer in connection to alleged rule violations.
In October 2018 FINRA sanctioned him in connection to allegations he failed to respond to a request for information. He was suspended “until the required information is provided to FINRA or the suspension converts to a bar.”
In July 2018 a customer alleged Aaron Austin, while employed at LPL Financial, received cash from the customer to purchase an investment but did not purchase it or return the cash. The complaint settled in October 2018 for $20,000.
In April 2018 he was charged in the Hartford County District Court in Bel Air, Maryland with one felony count of “Theft $25,000-under $100,000”; one felony count of “Burglary 2nd Degree”; and one misdemeanor count of “Burglary 4th Degree.” The charges remain pending.
In April 2018 he was terminated from his position at LPL Financial in connection to allegations relating to “criminal charges.”
If you have lost money investing with Aaron Austin, you may be entitled to recoup your losses. Call Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis, which means we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.