The White Law Group is investigating potential claims involving financial advisor Sonya Camarco and the liability that LPL Financial may have for failing to properly supervise her.
According to her FINRA broker report, Camarco was dismissed from LPL Financial in August 2017 for allegedly “depositing third party checks from client accounts into a bank account she controlled and accessing client funds for personal use.”
In August, the SEC charged Camarco with using her company Camarco Investments, Inc., to allegedly steal over $2.8 million in investor funds from her clients and customers.
According to various reports, Camarco allegedly used investor accounts to pay hundreds of thousands of dollars in credit card bills and took cash advances on investor accounts.
Camarco was registered with LPL Financial LLC in Colorado Springs, CO from February 2004 until August 2017, according to her FINRA BrokerCheck report. She has 9 customer complaints filed against her, 4 of which are pending, according to her broker report.
If you suffered losses investing with Sonya Camarco and LPL Financial, the securities attorneys at The White Law Group may be able to help you. For a free consultation with a securities attorney, please call the offices at 888-637-5510.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Vero Beach, Florida.
For more information on The White Law Group, and its representation of investors, please visit our website at http://www.whitesecuritieslaw.com.