Last Updated: April 2025, Charlotte, NC
Derek Copeland Investigation Summary
Here’s what you need to know about Charlotte, NC, stockbroker Derek Copeland:
- Name: Derek Lee Copeland
- Current Employer: Not currently registered
- DBA: SilverRock Wealth Partners
- Prior Employers: LPL Financial LLC, Spire Securities, LLC, Morgan Stanley, Morgan Stanley & Co. Incorporated, UBS Financial Services Inc.
- Function: Stockbroker / Financial Advisor
- Aliases: Derek Copeland
- Primary Location: Charlotte, NC
- CRD:4347572
- Can Derek Copeland be sued in FINRA arbitration: Yes
- Discharged by a prior employer: Yes
- Sanctioned by FINRA: Yes (Permanent Bar)
- Highest Settlement or Award:$175,000
If you’ve sustained damages from Mr. Copeland, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Derek Copeland As Your Stockbroker?
According to a press release issued when SilverRock Wealth Partners moved from Spire Securities to LPL Financial in March 2020, the team of advisors, headed by Derek Copeland had about $150 million in brokerage and advisory assets. SilverRock clients include many NFL and MLB players and other professional athletes.
Former Cubs and Red Sox pitcher Chris Carpenter (CRD 6601132) ended his employment with LPL Financial in 2/2023, which is about the same time that Copeland ended his time with LPL Financial. It is not known if these two terminations are related.
In 3/2025 FINRA permanently barred Copeland from the industry. FINRA found that Copeland participated in 74 private securities transactions without providing written notice to LPL Financial, his employing firm. Over $11 million was raised by Copeland who earned commissions of $173,000. Link to FINRA AWC Letter.
Derek Copeland was involved in a customer dispute filed on March 7, 2023 (FINRA Case #23-00566). The customer alleged Copeland made unsuitable recommendations involving equities, options, and real estate securities from September 2021 to January 2023. The dispute was settled on September 21, 2023, with the customer receiving $175,000.
Copeland discloses that he was discharged by LPL Financial for “failure to disclose outside business activities” in 1/2023.
Allegations of Broker Misconduct Against Derek Copeland
Customers and regulatory authorities have alleged the following misconduct against Derek Copeland:
- Unsuitable investment recommendations
- Unauthorized and undisclosed private securities transactions involving nearly $11 million invested by 27 individuals
- Use of unapproved communication channels resulting in incomplete firm records
- Failure to disclose outside business activities leading to his termination from LPL Financial LLC and Independent Advisor Alliance
FINRA Rule 3280, governing private securities transactions, and FINRA Rule 2010, requiring brokers to adhere to high standards of commercial honor and just and equitable principles of trade, were cited in FINRA’s regulatory actions.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. Additionally, brokers are required to disclose certain financial matters such as personal bankruptcies, judgments, and liens.
Recover Your Investment Losses Now With Rex Securities Law
Investigation of LPL Financial and LPL Brokers-Lawsuits, Arbitrations & Customer Disputes
If you have suffered investment losses in an account handled by Derek Copeland, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.