Lincoln Financial Arbitration & Class Action
Our lawyers are investigating Lincoln Financial Advisors Corp. for negligence that led to millions of dollars in losses for hundreds of investors.
In 2010, the firm with headquarters in Fort Wayne, Indiana, was accused by the SEC of failing to supervise the actions of a broker who ran a Ponzi scheme that took more than $34 million from hundreds of investors around the country. If you were the victim of Lincoln Financial fraud, you could qualify to take part in Lincoln Financial lawsuit or arbitraion.
Lincoln Financial arbitration also includes a 2010 settlement of more than $4.4 million for the firm’s failure to prevent a selling away scheme. In that scenario, a broker was offering an outside product – a new software the broker was involved in – without Lincoln Financial’s approval. An arbitration panel ordered the payment of more than $4.4 million in damages and interest to those who were hurt by the selling away scheme.
If you were financially harmed in one of these cases involving the company, meet with a Lincoln Financial lawyer in our practice for a no-obligation consultation.