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 (800) 738-1960 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.