Sandeep Varma, formerly with LPL Financial, Suspended from the Securities Industry
Have you lost money with financial advisor Sandeep Varma of San Diego, California? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Sandeep Varma. FINRA suspended Varma from the securities industry for 10 days and fined him $15,000 regarding allegations that he used misleading materials during a seminar. FINRA alleged that Varma made a powerpoint presentation regarding Charitable Remainder Trusts (CRTs) that contained exaggerated or misleading information. Varma allegedly recommended investing in life insurance policies through the CRTs.
Sandeep Varma was a financial advisor and registered representative of LPL Financial from 1995 to November 2015. He is currently affiliated with FSC Securities. He worked at a branch office in San Diego, California. Sandeep Varma has been the subject of at least five customer complaints.
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; and Seattle, Washington. We represent investors in FINRA arbitration proceedings in all 50 states, including investors throughout southern California and in San Diego. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against LPL Financial.
Click to view: Varma, Sandeep FINRA AWC
Click to view: Varma, Sandeep BrokerCheck 1.22.18
If you lost money with Sandeep Varma or LPL Financial, please CONTACT US at 720-599-3505 for a free evaluation of your case.
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.