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LPL Financial Fires Derek Copeland For Alleged Failure to Disclose Outside Business

Feb 23, 2023 Fired Brokers

Derek Copeland (CRD #: 4347572), a broker formerly registered with LPL Financial, was fired from that firm, according to his BrokerCheck record, accessed on February 14, 2023. Read on to learn more about his alleged conduct as a broker.

Termination from LPL Financial

On January 18, 2023, Derek Copeland was fired from LPL Financial following an allegation that he failed to disclose his outside business activities to the firm.

FINRA Rule 3270

FINRA Rule 3270 requires brokers to inform their firm and receive approval for any business activities they engage in beyond their firm.

Other business activities

Derek Copeland’s detailed BrokerCheck report lists the following outside business activities:

  • Board member for the Charlotte Mecklenburg Police Foundation.
  • Owns and rents out a real estate property in North Carolina.
  • Registered Investment Advisor with SilverRock Wealth Partners (also dba LPL Business) and Independent Advisor Alliance.
  • Agent of record for non-variable insurance policies with National Life.

Termination from Independent Advisor Alliance

On January 18, 2023, investment advisory firm Independent Advisor Alliance fired Derek Copeland for allegedly failing to disclose certain outside business activities.

Background Information

Derek Copeland has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 3 – National Commodity Futures Examination
  • Series 7 – General Securities Representative Examination

He previously worked for the following firms:

  • LPL Financial (CRD#:6413)
  • Spire Securities (CRD#:144131)
  • Morgan Stanley (CRD#:149777)
  • Morgan Stanley & Company (CRD#:8209)
  • UBS Financial Services (CRD#:8174)

Kurta Law Can Help

If you worked with Derek Copeland and you have concerns about your investments, please contact us today at 877-600-0098 or for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.