The Rosca Scarlato LLC law firm attorneys are investigating Illinois-based broker Bradley Goodbred’s alleged termination from LPL financial according to a Acceptance Waiver and Consent Form (AWC), under review by attorney Alan Rosca.
Investor rights attorney Alan Rosca and his colleagues at the Rosca Scarlato LLC law firm are investigating circumstances surrounding broker Bradley Allen Goodbred’s termination from LPL Financial. Investors who are concerned about their investments with broker Bradley Goodbred are encouraged to contact attorney Alan Rosca for a free consultation or discussion of potential options, or to provide any useful information. Call 888-998-0530 via email at arosca@rscounsel.law, or through the contact form on this webpage.
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Bradley Goodbred Was Barred by FINRA
In connection to Goodbred’s termination from LPL Financial, FINRA sent Goodbred a request to produce documents and information, as alleged in the AWC.
In January 2021, broker Bradley Allen Goodbred allegedly acknowledges that he received FINRA’s request and will not produce the information or documents requested.
By refusing to produce the information and documents requested by FINRA and without admitting or denying the findings, and solely for the purposes of the proceeding brought by or on behalf of FINRA, prior to a hearing and without an adjudication of any issue of law or fact, Scott Reed signed the AWC accepting and consenting to FINRA’s findings.
Goodbred Was Employed with FINRA for 12 Years Prior to His Termination from LPL
According to Goodbred’s Brokercheck page, he joined the securities industry in 1999 and switched employers two times. He was most recently employed with LPL Financial located in Roselle, Illinois from October 2009 until February 2021.
He was reportedly terminated from the firm on allegations of utilizing undisclosed power of attorney to request and facilitate distributions of funds from customers outside advisory accounts, deposit customer funds into customer’s bank account, and then had customers provide him with personal checks totaling $430,000, respectively, made payable to a real estate company representative owned and operated as an outside business activity.
Goodbred was also employed with Bank One Securities Corporation located in Chicago, Illinois from June 1999 until November 2000, as stated on his Brokercheck page.
Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints or allegations mentioned in this article, unless otherwise indicated. Any reader should also read the original sources hyperlinked in this blog for accuracy, including any BrokerCheck report and/or record of any disciplinary or regulatory action. Those sources are incorporated by reference into the text of this blog, and are the governing materials in case of any inconsistencies or typos in this blog.
Bradley Allen Goodbred Allegedly Engaged in Several Disclosed Other Business Activities
Goodbred allegedly engaged in other business activities according to his Brokercheck page. Beginning in March 2010, Goodbred allegedly engaged in a Real Estate Rental named Northern Lights Properties, LLC including four rental units, and single-family homes.
Beginning in June 2012, Goodbred alleged engaged in Midwest Plan Advisors located in Naperville, Illinois. Furthermore, starting in January 2017, broker Bradley Goodbred allegedly engaged in Midwest Wealth Management with investment related activities.
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Securities Lawyers May Be Able to Help
The Rosca Scarlato LLC law firm represents investors who lose money as a result of investment-related fraud or broker misconduct and are currently investigating former LPL broker Bradley Goodbred’s alleged termination from LPL Financial and his bar by FINRA.
The firm takes most cases of this type on a contingency fee basis and advances the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions.
Investors who believe they lost money as a result of Bradley Goodbred’s alleged termination from LPL Financial and bar by FINRA are encouraged to contact attorney Alan Rosca or his colleagues for a free, no-obligation case evaluation and discussion of potential options, or to provide any useful information and learn about your rights. Call 888-998-0530, via email at arosca@rscounsel.law, or through the contact form on this webpage.
