Blake Richards & LPL Financial
Mr. Richards is financial advisor biased in the Buford , GA and he has allegedly misappropriated $2 million of client funds.Since at least 2008 Blake Richards was a registered broker at LPL Financial. The Securities and Exchange Commission (SEC) charges indicate that he misappropriated funds from at least seven known investors. Currently they have taken legal action by temporarily halting Mr. Richards from further securities trading. In addition his personal assets have been frozen and the destruction of personal documents have been barred.
The majority of the misappropriated funds were from investors retirement saving and life insurance proceeds. Mr Richards instructed investors to write out checks to entities under his control. He further convinced clients that these funds would be invested in fixed income assets, variable annuities and /or common stock. The SEC alleges that none of these investments were ever actually made and that Blake Richards used money for personal use. If you were a client of Mr Richards please contact us to explore your options.