VIRGIL JOHN THRELKELD

VIRGIL JOHN THRELKELD is currently employed as a Broker and/or Investment Adviser at LPL FINANCIAL LLC located at 3189 DANVILLE BLVD. SUITE 280, ALAMO, CA, 94507.

VIRGIL JOHN THRELKELD has worked at LPL FINANCIAL LLC since March 11, 2015

Disclosure History

VIRGIL JOHN THRELKELD has 2 Disclosure Event(s).

Date: April 24, 2018
Category: Customer Dispute
Allegations: CLAIMANT ALLEGES THAT HIS ADVISOR RECOMMENDED SEVERAL INVESTMENTS THAT WERE UNSUITABLE IN LIGHT OF CLAIMANT'S INVESTMENT OBJECTIVES AND RISK TOLERANCE. CLAIMANT ALLEGES UNSUITABILITY, FAILURE TO PERFORM DUE DILIGENCE, MISREPRESENTATION, AND FAILURE TO SUPERVISE.
Damage Amount Requested: $100,000.00

Date: July 30, 2015
Category: Customer Dispute
Allegations: CLAIMANT ALLEGES HE IS THE BENEFICIARY OF A DECEASED FAMILY MEMBER'S ACCOUNTS. CLAIMANT ALLEGES THAT, BETWEEN 2007 AND 2015, THE DECEASED ACCOUNT HOLDERS INVESTMENTS WERE UNSUITABLE GIVEN HER AGE, HEALTH CONDITION, AND INVESTMENT OBJECTIVES. ON THE BASIS OF THESE ALLEGATIONS, CLAIMANT ALLEGES BREACH OF FIDUCIARY DUTY, NEGLIGENCE, BREACH OF CONTRACT, BREACH OF IMPLIED COVENANT OF GOOD FAITH AND FAIR DEALING, UNSUITABILITY, AND FAILURE TO SUPERVISE.
Damage Amount Requested: $906,000.00
Settlement Amount: $100,000.00
Broker Comment: I HAD A WONDERFUL FINANCIAL ADVICE RELATIONSHIP WITH THIS CLIENT FOR 15 YEARS GOING BACK TO 1999 THAT CONTINUED UP TO HER DEATH. SHE WAS A VERY SAVVY AND ENGAGED CLIENT AND WE ENJOYED A VERY POSITIVE AND RESPECTFUL RELATIONSHIP THROUGHOUT. FOR THE ENTIRE DURATION OF OUR PROFESSIONAL RELATIONSHIP, HER STATED INVESTMENT OBJECTIVES WERE CAREFULLY ADHERED TO AND DOCUMENTED. SHE DID NOT HAVE CHILDREN AND UPON HER DEATH HER DISTANT BROTHER, FROM OUT OF STATE, TOOK OVER HER FINANCIAL MATTERS. I HAD NOT MET HIM PRIOR TO HER FAILING HEALTH. AS A BENEFICIARY OF HER ESTATE HE HAS MADE FALSE CLAIMS AGAINST RELATED PARTIES IN AN ATTEMPT TO COLLECT ADDITIONAL MONIES THAT ARE NEITHER DESERVED OR WARRANTED. I AM SUPREMELY CONFIDENT THAT HIS CLAIM WILL BE DENIED IN IT'S ENTIRETY.

More Information

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BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.

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