ROGERS, AR – Rhett Bedwell, formerly with LPL Financial, Barred from Securities Industry
Have you lost money with financial advisor Rhett Bedwell of Rogers, Arkansas? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority. FINRA barred Rhett Bedwell after he failed to respond to an investigation. Bedwell was being invested regarding allegations that he used forged documentation to invest a customer’s money in a Ponzi scheme called Small World Capital and Graysail Capital.
Rhett Douglas Bedwell was a financial advisor and registered representative of LPL Financial from November 2017 to August 2019. He worked at branch offices in Rogers, Arkansas. Bedwell’s affiliation with LPL Financial was terminated after his involvement with Small World Capital and Graysail Capital.
Brokerage firms like LPL Financial have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; Phoenix, Arizona; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors throughout Arkansas. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against LPL Financial.