Richard Lepine Allegedly Failed to Fully Inform Client

Richard Lepine (CRD #: 1867250), a broker registered with Securities America, allegedly failed to fully inform a client about an insurance policy, according to his BrokerCheck record, accessed on March 3, 2023. Investors may have also worked with him through Securities America Advisors. If you have questions about his alleged conduct as a broker, keep reading.

Investor Dispute

On December 15, 2022, an investor alleged that Richard Lepine failed to inform her that a variable life insurance policy insuring her father would lapse when he turned 100. This dispute is currently pending.

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of deception, manipulation, and other fraudulent means of influencing investors’ decisions. This includes the misrepresentation or omission of information, such as an investment’s potential fees, requirements, or risks.

Background Information

Richard Lepine 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 62 – Corporate Securities Limited Representative Examination
• Series 22 – Direct Participation Programs Representative Examination
• Series 6 – Investment Company Products/Variable Contracts Representative Examination

Richard Lepine is a registered broker in 17 states and a registered investment adviser in Rhode Island and Texas.

He has also worked for the following firms:

• Commonwealth Financial Network (CRD#:8032)
• Lepine Financial Advisors (CRD#:139559)
• Lepine & Gagnon Financial Planning Group (CRD#:127556)
• Sunpoint Securities (CRD#:25442)
• Mimlic Sales Corporation (CRD#:15296)

Kurta Law Can Help

If you worked with Richard Lepine and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com 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.