Last Updated: February 2025, Naperville, IL
Here’s what you need to know about Naperville, IL, stockbroker Arthur S. Littlefield III:
- Name: Mr. Arthur Sylvester Littlefield III
- CRD Number: 2718449
- Current Employer: LPL Financial LLC (Registered since November 13, 2024)
- Prior Employers:
- Osaic FA, Inc. (June 1998 – November 2024)
- Cigna Financial Advisors, Inc. (February 1998 – June 1998)
- Function: Stockbroker / Financial Advisor
- Primary Location: Naperville, IL
- Alias: Art Littlefield
- DBA: Academy Financial
- Can Arthur Littlefield be sued in FINRA arbitration? Yes
- Sanctioned by FINRA: No
- Highest Settlement or Award: $27,663
If you’ve sustained damages from Mr. Littlefield, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Arthur Littlefield As Your Stockbroker?
A FINRA arbitration involving Arthur Littlefield was filed on July 27, 2022 (Case #22-00915). The allegation states that Mr. Littlefield recommended an unsuitable investment in an oil and gas program, which led to significant financial losses. The settlement amount was $27,663.
Another customer dispute filed on March 1, 2022 (Case #22-00385) also involved allegations of an unsuitable investment in an oil and gas program. That dispute was settled for $25,000.
See this for more information on REITs and Other Alternative Investments
Allegations of Broker Misconduct Against Arthur Littlefield
Customers of Arthur Littlefield have alleged the following misconduct in connection with the handling of their accounts:
- Unsuitable Investment Recommendations: Multiple customer complaints indicate that Mr. Littlefield recommended unsuitable investments in oil and gas programs, potentially violating FINRA Rule 2111, which mandates that brokers must have a reasonable basis to believe their recommendations are suitable for the client.
Alternative Investments: These are assets that are not stocks, bonds or cash. Alternative investments generally fall within five categories: hedge funds, private capital, natural resources (oil and gas, energy), real estate (REITs) and infrastructure. They are typically less liquid that conventional investments, less regulated with higher fees and generally higher risk. For more investigations involving Alternative Investments, see this.
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 Arthur S. Littlefield III, 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.