Last Updated: December 2024 (San Diego, CA)
Patricia Alison Fleming Investigation Summary
Here’s what you need to know about San Diego, CA, stockbroker Patricia Alison Fleming:
- Name: Patricia Alison Fleming
- Current Employer: LPL Financial LLC
- DBA: Lumena Financial Strategies
- Prior Employer: Waddell & Reid
- Function: Stockbroker / Financial Advisor
- Aliases: Patricia Fleming
- Primary Location: San Diego, CA
- CRD: 1960175
- Can Patricia Fleming be sued in FINRA arbitration? Yes
- Sanctioned by FINRA or State Regulators: No
- Customer Dispute Pending: $500,000
If you’ve sustained damages from Ms. Fleming, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Patricia Fleming As Your Stockbroker?
Patricia Fleming is involved in a pending FINRA arbitration, filed on July 30, 2024 (Docket #24-01624), which alleges unsuitable recommendations of mutual funds and exchange-traded funds (ETFs) for a client’s managed portfolio during the period 2019–2024. The damages sought are $500,000.
The allegations highlight potential violations of FINRA Rule 2111, which mandates brokers to recommend investments aligned with their clients’ risk tolerance, goals, and financial circumstances.
FINRA Rule 2111- suitability – Regulation Best Interest
Allegations of Broker Misconduct Against Patricia Fleming
Customers and regulatory authorities have alleged the following misconduct against Patricia Fleming:
- Unsuitable Investment Recommendations: Allegations claim that mutual funds and ETFs purchased for a client’s portfolio were inconsistent with their stated objectives and risk profile, potentially violating FINRA Rule 2111.
- Broker’s Response: Fleming denies the allegations, asserting that the investments recommended were appropriate based on the client’s disclosed financial goals and risk tolerance.
FINRA enforces strict guidelines for brokers, requiring them to prioritize the best interests of their clients and ensure transparency in their recommendations. Violations of these standards can result in significant financial harm.
Recover Your Investment Losses Now With Rex Securities Law
LPL Financial Lawsuits, Arbitrations and Customer Complaints and Disputes
If you have suffered investment losses in an account handled by Patricia Fleming, 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.
