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Ross Fabregas Terminated by LPL Financial

Ross Fabregas (CRD #: 4370315) has been fired by LPL Financial. This disclosure appears on his BrokerCheck record, accessed on July 12, 2024. Keep reading if you have questions regarding his alleged conduct. 

Employment Separation After Allegations

On May 20, 2024, LPL Financial fired Ross Fabregas following allegations that he solicited a loan from a customer without notice to and approval from the firm, in violation of firm policy. 

FINRA Rule 3240

There are strict limitations around loans between brokers and customers. FINRA Rule 3240 describes the limited circumstances under which brokers may borrow from or lend to clients, such as loans between immediate family members.

Customer Dispute 

There is also a customer dispute dated February 14, 2024, alleging Ross Fabregas solicited a $15,000 undisclosed personal loan which he failed to repay.

Background Information 

Ross Fabregas has passed the following exams: 

  • Series 66 Uniform Combined State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 

He has registered with the following firms: 

  • LPL Financial (CRD #: 6413) 
  • Cambridge Investment Research (CRD #: 39543) 
  • AXA Advisors (CRD #: 6627) 

Kurta Law Can Help 

If you have worked with Ross Fabregas and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com 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 that 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. Do not let securities fraud go unchecked. Start your recovery process today.