Bill Poulter: $100,000 REIT Complaint Against LPL Advisor

Baton Rouge financial advisor Bill Poulter (CRD# 3248404) has received an investor complaint alleging six-figure losses. Financial Industry Regulatory Authority records show that he is a broker and investment advisor with LPL Financial, doing business as Poulter Investment Advisors.

Mr. Poulter’s BrokerCheck report discloses one investor complaint against him. Filed in November 2021, it alleges that as a representative of Poulter Investment Advisors, he made misrepresentations and provided unsuitable advice regarding purchases of illiquid real estate investment trusts (REITs) and a business development company. The pending complaint alleges damages of $101,735. 

In a statement on the November 2021 pending complaint’s disclosure, Mr. Poulter wrote that he “vehemently oppose[s]” the claim, which he describes as “untrue” and meritless. “The features, benefits, and all risks of recommended investments were fully discussed with and acknowledged by the client prior to purchase,” he wrote, continuing: “Furthermore, the client received, read, and acknowledged suitability and his understanding of the features, benefits, and all risks of recommended investments by signing applicable disclosure forms which detailed the potential for liquidity restrictions and the potential for investment losses… Overall, the client’s portfolio performed well and it provided proper diversification, liquidity, and income.”

According to the Financial Industry Regulatory Authority, Bill Poulter holds 22 years of securities industry experience. Based in Baton Rouge, Indiana, he has been a representative of LPL Financial since 2002, doing business as Poulter Investment Advisors since 2014. His past registrations include CUNA Brokerage Services (Waverly, Iowa; 2000-2002), Banc One Securities Corporation (Chicago, Illinois; 2000), Allmerica Investments (Worcester, Massachusetts; 1999-2000), and Financial Network Investment Corporation (El Segundo, California; 1999). His credentials include the passage of six securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the General Securities Representative Examination, or Series 7; the Futures Managed Funds Examination, or Series 31; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Investment Adviser Law Examination, or Series 65. He is licensed in Arkansas, the District of Columbia, Florida, Illinois, Kansas, Louisiana, Michigan, Minnesota, New Jersey, Oklahoma, Tennessee, and Texas. (Information current as of July 5, 2022.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.