George Zedan & LPL Financial Investment Losses

Stoltmann Law Offices is investigating George A. Zedan, a former registered representative with LPL Financial. According to a Financial Industry Regulatory Authority (FINRA) Disciplinary Proceeding, Zedan was accused of converting an elderly customer’s funds to his own use in April 2004. Zedan transferred the 87 year old client’s funds to LPL Financial when he became a registered broker there. He then discussed a joint real estate venture with her and they subsequently purchased residential property for renovation and resale. Allegedly, the elderly client’s account was then liquidated and Zedan wrote a personal check with the client’s money to himself and deposited it in his personal bank account. Zedan never purchased real estate with the money. Instead, he purchased personal expenses and made payments on his credit cards. An arrest warrant was issued for Zedan’s arrest for Theft From Elder or Dependent Adult by a Caretaker and alleged Grand Theft of Personal Property. The client has since died and the case is ongoing. If you invested money with George A. Zedan, you may be able to recover your investment losses by calling our securities law firm and speaking to an attorney. The call is free. We sue firms such as LPL in the FINRA arbitration process to help investors recover their money.

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