LPL Financial Fires Janell Israel Following Allegations
Janell Israel (CRD #:1053587), a previously registered broker, was recently fired by LPL Financial according to her BrokerCheck record, accessed on December 14, 2021. Keep reading for more information.
Employment Termination Details
On October 1, 2021, LPL Financial fired Janell Israel after she allegedly failed to notify the firm about her role as a customer’s power of attorney and trustee. A power of attorney is a legal authorization that can give the designated person broad authority over another individual’s property decisions. FINRA Rule 3241 states that brokers must decline a power of attorney role for their customer unless the customer is a member of their immediate family or unless they have written authorization from their member firm.
LPL Financial further alleged that Janell Israel also provided loans to the said customer as well as family members without prior notice to the firm. FINRA Rule 3240 forbids brokers from lending money to their investors unless the investor follows the procedures put in place by their member firm. The rule also states that the broker can only lend money to their investor if the broker and the customer have a personal relationship outside of their professional association.
Janell Israel has passed the following exams:
- Series 65 – Uniform Investment Adviser Law Examination
- Series 63 – Uniform Securities Agent State Law Examination
- SIE – Securities Industry Essentials Examination
- Series 7 – General Securities Representative Examination
- Series 24 – General Securities Principal Examination
Janell Israel has also worked with the following firms:
- National Planning Corporation (CRD#:29604)
- Sagepoint Financial (CRD#:133763)
- SunAmerica Securities (CRD#:20068)
- Anchor National Financial Services (CRD#:5774)
- Boardwalk Capital Corporation (CRD#:10279)
- Private Ledger Financial Services, Incorporated (CRD#:6413)
Kurta Law Can Help
If you have been victimized after working with Janell Israel, don’t hesitate to contact us today at 877-600-0098 or firstname.lastname@example.org for a free consultation.
For nearly 20 years, Kurta Law has advocated for investors 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. Please contact us if you have any questions regarding FINRA arbitration or what steps to take next.