The investment fraud attorneys at Meyer Wilson are currently investigating
allegations that Thomas H. Caniford (CRD #1049021), formerly of LPL Financial, sold customers securities that were not offered,
held, or sold through LPL Financial from 2008 to the beginning of this
year. Mr. Caniford was terminated from LPL Financial on February 17, 2015.
He was permanently barred from working as a broker by the Financial Industry
Regulatory Authority (FINRA) in June 2015 for failing to respond to FINRA’s
requests for information.
The alleged solicitations by Mr. Caniford were for investments in a number
of different companies that he may have owned or controlled himself, including:
- Caniford & Company
- Caniford Capital
- Caniford Wealth Management
- Fundcap Management Company, Inc.
- ProShares Hedge Portfolio
- ProShares Fund
- Hedge Fund Portfolio
His alleged actions are an example of “selling away” –
which violates the rules of the securities industry. “Selling away”
occurs when a broker completes transactions outside of his or her registered
brokerage firm. When this happens, it may indicate that the brokerage
firm failed to adequately supervise the broker, and the firm could be
held liable to the broker’s victims.
If you invested with Mr. Caniford and suffered losses, we may be able to
help you recover your losses. Reach us at (888) 390-6491 or briefly explain
your circumstances through our online form. We do not charge for initial
consultations and all our cases are handled on a contingency fee.