Larry Teichman: Ex-LPL Advisor Faces $110K REIT Complaint

Former Chesterland, Ohio financial advisor Larry Teichman (CRD# 2759058) recently received an investor complaint stemming from an REIT investment. Financial Industry Regulatory Authority records show that the former Ameriprise Financial Services and LPL Financial broker is currently not registered with any broker-dealer firm.

Mr. Teichman’s BrokerCheck report discloses one investor complaint. Filed in April 2024, it alleges that as a representative of LPL Financial, he made an unsuitable recommendation to invest in and hold a real estate investment trust (REIT). The pending complaint alleges damages of $110,000.

As his BrokerCheck report also discloses, Mr. Teichman serves on the board of directors of VALOR Retreat, a nonprofit recreational facility for veterans. A profile on the nonprofit’s website describes his background and role as the organization’s president. “Larry served in the United States Army as a Second Lieutenant,” it explains. “Larry wants to help his countrymen and fellow veterans by creating a peaceful retreat, where combat veterans and Gold Star families can relax and enjoy the outdoors.”

According to the Financial Industry Regulatory Authority, Larry Teichman holds 26 years of securities industry experience. Most recently based in Chesterland, Ohio, he was last registered as a broker with Ameriprise Financial Services from 2021 until 2022. His registration history includes LPL Financial (Chesterland, Ohio; 1998-2021), Emissary Financial Group (Mentor, Ohio; 1998), and Money Concepts Capital Corporation (Palm Beach Gardens, Florida; 1996-1998). His credentials include the passage of five 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; and the Uniform Securities Agent State Law Examination, or Series 63. He is no longer registered as a broker. (Information current as of June 1, 2024.)

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