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Lone Star Advisor Charles Bryant: $200K Suitability Complaint
Sarasota financial advisor Charles Bryant (CRD# 5346404) is involved in an investor complaint alleging he provided unsuitable investment advice that resulted in six-figure damages. Records provided by the Financial Industry Regulatory Authority indicate that he is a broker and an investment advisor with LPL Financial, doing business as Lone Star Wealth Management.
Mr. Bryant’s BrokerCheck report discloses one investor complaint. Filed in December 2022, it alleges that as a representative of LPL Financial, he “recommended an investment strategy in certain equities that was inappropriate for the customer’s investment objectives and risk tolerance.” The pending complaint alleges damages of $200,000.
In a statement included with the pending complaint’s disclosure, Mr. Bryant denied the allegations, which he asserted were meritless. “All recommendations and investment strategies made for the customer were suitable and consistent with the customer’s investment objectives and risk tolerance,” he wrote. “The customer fully understood all risks involved in investing in equities.”
A second disclosure on Mr. Bryant’s BrokerCheck report describes his 2013 termination from SunTrust Investment Services. According to the disclosure, the firm fired him in connection with allegations he violated the firm’s code of conduct, “specifically for allegedly trying to solicit business for the firm.”
According to the Financial Industry Regulatory Authority, Charles Bryant holds 14 years of securities industry experience. Based in Sarasota, Florida, he has been a broker and an investment advisor with LPL Financial since 2019, doing business as Lone Star Wealth Management. His past registrations include FSC Securities Corporation (Sarasota, Florida; 2014-2019), Mutual of Omaha Investor Services (Fort Myers, Florida; 2014), JP Morgan Securities 9Fort Myers, Florida; 2013), SunTrust Investment Services (Bradenton, Florida; 2008-2013), and Morgan Stanley & Company (Sarasota, Florida; 2007-2008). His credentials include the passage of four securities industry qualifying exams: the General Securities Representative Examination, or Series 7; 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 California, the District of Columbia, Florida, Georgia, North Carolina, Tennessee, Texas, and Virginia. (Information current as of January 23, 2023.)
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.