Former LPL Financial broker Sonya Camarco (CRD# 2427529) is subject to
a pending lawsuit by the Securities and Exchange Commission (SEC) over
allegations she committed investor fraud by stealing $2.8 million of client funds.
According to the SEC, beginning in 2004 through August 2017, Camarco misappropriated
over $2.8 million from customer accounts, using the money for pay her
own credit cards, buy a house, and fund her personal bank account.
On August 9, 2017, she was terminated by LPL Financial. Camarco worked
out of LPL Financial’s Colorado Springs office and operated several
entities. Her businesses included SDC Advisory, Camarco Investments Inc.
(also known as C Investments), and Camarco Living Trust. The SEC case
against her is pending in the United States District Court for the District
Investment Fraud Betrays Trust
Financial advisors such as Sonya Camarco are in a position of trust, and
when that trust is betrayed, they need to be held accountable.
The investment fraud attorneys at Meyer Wilson have more than 20 years
of experience representing investors who have felt that sting of betrayal
by unscrupulous brokers. Fortunately, there are some ways you can protect
yourself from investment fraud.
Never give your broker a check payable directly to the broker or to a company
owned by the broker. You should send your money directly to the institution
that is going to take custody of your money, not to the person who is
selling you the investments.
Look over your investment account statements as soon as you receive them.
Theft from brokerage accounts occurs when the broker makes unauthorized
withdrawals. Elderly investors are more vulnerable to this type of investment
fraud because medical issues or cognitive impairment can cause them to
miss such an aberration. If you have elderly loved ones, it would be in
their best interest if you helped keep an eye on their account activity
If you have been a victim of investment fraud by Sonya Camarco or any other
broker, the attorneys at Meyer Wilson are here to help you.
Call today for a free consultation.