Rhett Bedwell Customers: LPL Financial Investment Losses? Contact
Summary
Bedwell was permanently barred from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”) in March 2021 due to findings that he failed to comply with the regulator’s investigation of his alleged misconduct. Bedwell’s refusal to comply with FINRA’s investigation and requests for information led to his permanent bar from working as a stockbroker in all capacities. Filed 10/14/2020: Settled for $355,772.08 – Customer alleged that Bedwell caused her to surrender two variable annuities, and transfer proceeds and other funds to a business entity that he purported to be affiliated with. Filed 8/28/2020: Settled for $233,000 – Customer alleged that in 2019, Bedwell moved their IRA to a different administrator and used forged documentation to invest their money in a Ponzi scheme. Filed 12/20/2012: Denied by the firm – Customer alleged the annuity contract purchased is not what she expected and claims she was told the amount she invested would not decrease.