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Brian Linde: Structured Note Complaint Against Solstice Wealth Advisor
Sacramento financial advisor Brian Linde (CRD# 4376496) recently received an investor complaint alleging his advice resulted in losses. Financial Industry Regulatory Authority records show that he is currently a broker and an investment advisor with LPL Financial, doing business as Solstice Wealth Management.
Mr. Linde’s BrokerCheck report discloses two investor complaints. The most recent, filed in July 2022, alleges that as a representative of LPL Financial, he recommended and sold structured notes that were unsuitable for the customer. The pending complaint alleges damages of $26,364.49.
A second investor complaint, filed in March 2021, alleged that as an LPL representative he misrepresented material facts regarding a structured note investment. The complaint alleged damages of $50,000 and was denied by the firm.
In a statement on the complaint’s disclosure, Mr. Linde defended himself against the allegations, which he said were meritless. “There was no misrepresentation made to the customer with regard to the sale of the structured note, and all terms of the note, including investment risks, were fully discussed and disclosed to the customer and acknowledged by him,” he asserted. “Customer’s investments were no longer under my advisement at the time the client made the allegations.” For reference, a complaint’s denial does not necessarily indicate that the underlying allegations are groundless, just that the firm made such a determination after conducting its own review. Investors whose complaints are denied can still seek the recovery of their losses through other processes, like FINRA arbitration claims.
According to the Financial Industry Regulatory Authority, Brian Linde holds 21 years of securities industry experience. Based in Sacramento, California, he has been a broker and an investment advisor with LPL Financial since 2009, doing business as Solstice Wealth Management. His past registrations include Lincoln Financial Advisors Corporation (Sacramento, California; 2001-2009) and the Lincoln National Life Insurance Company (2001-2006). His credentials include the passage of three securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Combined State Law Examination, or Series 66. He is licensed in Arizona, California, Colorado, Delaware, Florida, Idaho, Illinois, Michigan, Minnesota, Nevada, North Carolina, Ohio, Oregon, South Carolina, Texas, and Washington. (Information current as of September 13, 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.