Meyer Wilson Retained to Recover Customer Losses Amid Complaints Against Tom Caniford

Did You Invest With Former LPL Financial Broker Thomas H. Caniford of Lake Township, Ohio?

Thomas H. Caniford, a former broker with LPL Financial of North Canton, has been charged with theft and is currently under potential investigation in a church fraud scheme. The investment fraud lawyers at Meyer Wilson have been hired to recover customer losses amid the complaints involving Caniford, including allegations that he sold investment products that were neither offered nor held by LPL.

Caniford allegedly misappropriated more than $100,000 from one of his customers in 2008, which prompted investigators to look into some abnormalities at St. Peter Catholic Church in Canton, the church Caniford attended. Currently, no charges have been filed in connection with the church trust account investigation.

Meyer Wilson recovered more than $350 million on behalf of its clients. If you invested with Tom Caniford, formerly with LPL Financial, contact us today for a free review.

Tom Caniford “selling Away” Allegations

The conduct Caniford is accused of is called “selling away,” a term coined to describe when a broker conducts sales outside of the scope of his or her registered broker dealer. In this case, Caniford is accused of selling away from LPL Financial. In certain circumstances, LPL Financial may be liable to the customer for losses suffered as a result of the broker’s alleged misconduct.

Meyer Wilson believes that Caniford may have participated in securities transactions outside of LPL Financial in companies that he either owned or controlled, including:

  • Caniford & Co.
  • Caniford Capital
  • Caniford Wealth Management
  • Fundcap Management Co.
  • ProShares Hedge Portfolio
  • ProShares Fund and Hedge Fund Portfolio

Prior to his employment at LPL Financial in North Canton, Caniford was registered with Multi-Financial Securities Corp., M Holdings Securities, and Fundcap Management Co.

Meyer Wilson reported on Caniford’s case last month when we initially began looking into his alleged misconduct. According to public disclosures on Caniford’s FINRA report, one of his customers filed a complaint against him on April 7, which accused him of stealing $8,500 in an investment transaction not approved or offered by LPL Financial.

If you or someone you know invested with Thomas H. Caniford and lost money, we invite you to contact the investment fraud lawyers at Meyer Wilson today for a free review of your case! We will explain your legal rights and options.

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