Close Menu
Free Consultation: 888-976-6111

Evan Lunsford: Old National Advisor Lands Energy Notes Complaint

Terre Haute, Indiana financial advisor Evan Lunsford (CRD# 5756621) has received multiple investor complaints alleging his conduct resulted in losses. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with LPL Financial, doing business as Old National Investments.

Mr. Lunsford’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in August 2023, alleges that as a representative of LPL Financial, he unsuitably recommended investments in structured notes tied to the energy market. The pending complaint alleges unspecified damages.

In a statement included with the pending complaint’s disclosure, Mr. Lunsford wrote that the investments were suitable at the time he recommended them. “While the performance of the investments ultimately did not turn out the way we expected as a result of COVID-related turmoil in the energy markets,” he added, “I deny any allegations that the investments were unsuitable or any other allegations of wrongdoing.”

An earlier investor complaint, filed in 2020, alleged that he recommended unsuitable energy structured notes while he was a representative of LPL Financial. In 2021 the complaint reached a settlement of $55,000. Mr. Lunsford wrote a statement denying the allegations and stating that the recommendations were suitable when he made them.

A third investor complaint, filed in 2020, alleged that he recommended an unsuitable structured note. The complaint reached a settlement of $100,000. “I fully discussed and disclosed to the customer all of the risks of his investment in the structured note that he purchased, and he indicated that he was aware of the risks,” Mr. Lunsford wrote in a statement. “Although I deny all allegations of wrongdoing, this complaint was settled in the interests of compromise and closure and to avoid the time and expense of further dispute.”

According to the Financial Industry Regulatory Authority, Evan Lunsford holds 12 years of securities industry experience. Based in Terre Haute, Indiana, he has been a broker and an investment advisor with LPL Financial since 2015, doing business as Old National Investments. His past registrations include Edward Jones (Terre Haute, Indiana; 2012-2015) and Northwestern Mutual Investment Services (Terre Haute, Indiana; 2010-2012). 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 Florida, Illinois, Indiana, Mississippi, Ohio, Texas, and Virginia. (Information current as of September 17, 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.

Facebook Twitter LinkedIn
Contact Us For A Free Case Evaluation
protected by reCAPTCHA Privacy - Terms
Latest Blog Posts
  • Don Meccia: Morgan Stanley Advisor Faces Trading Complaint

    A recent investor complaint against Santa Fe financial advisor Don Meccia (CRD# 1433435) alleges that he made unauthorized transactions. Financial...

    Read More
  • Kyle Kim: Leaders Group Advisor Fired by LPL

    Littleton, Colorado financial advisor Kyle Kim (CRD# 2446395) was recently fired from LPL Financial in connection with alleged rule violations....

    Read More
  • Mike Wetrich: Regulators Censure Great Plains Wealth Advisor

    Sioux Falls, South Dakota financial advisor Mike Wetrich (CRD# 2842343) was recently censured in connection with alleged rule violations. Financial...

    Read More
  • Bruce Stark: Aegis Denies $71K Margin Complaint Against Advisor

    A recent, denied investor complaint against Melville, New York financial advisor Bruce Stark (CRD# 2912344) alleged that he recommended the...

    Read More
  • Previous
  • Next