KYLE MICHAEL CHEADLE is currently employed as a Broker and/or Investment Adviser at LPL FINANCIAL LLC located at 1055 LPL WAY, FORT MILL, SC, 29715.
KYLE MICHAEL CHEADLE has worked at LPL FINANCIAL LLC since February 26, 2016
KYLE MICHAEL CHEADLE has 1 Disclosure Event(s).
Date: March 20, 2016 Category: Customer Dispute Allegations: CLIENT ALLEGED THAT THE REGISTERED REPRESENTATIVE DID NOT MAKE HER AWARE OF THE CAPITAL GAINS GENERATED BY MOVING BETWEEN MUTUAL FUNDS. THE CLIENT STATED THAT THIS CAUSED HER TO PAY MORE TAXES THAN EXPECTED. Broker Comment: The complaint referenced occurred between a Vanguard client, a separate Vanguard Certified Financial Planner(CFP) and me, a registered phone representative for Vanguard.According to the client, upon conclusion of an appointment with a Vanguard CFP, the CFP had recommended changes in her taxable account. This CFP provided her a set of recommendations, which she then agreed to implement. As CFPs do not place trades--she was directed to an individual who could place orders. The set of recommendations were provided to the client, who then communicated the order details to me as I placed these in the system. All of these orders were implemented correctly and error free. The client has stated that her frustration is with the CFP who did not take into account her capital gains, as this was the individual compensated for providing recommendations on her account. Though I was not named in the complaint, I was given order instructions by the client to place transactions based upon her discussion with the Vanguard CFP. Thus I am a subject in this matter. The client has expressed shock and frustration with the fact that I was named in this complaint, and since has followed up with a subsequent written letter indemnifying me and reiterating her frustration is with the CFP. I do retain a copy of this as requested by the client, and I am happy to provide a copy upon request.
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