James Christopher: LPL Advisor Faces Structured Product Complaint

Long Island City financial advisor James Christopher (CRD# 5761273) recently received an investor complaint alleging that his conduct resulted in losses. Financial Industry Regulatory Authority records show that he is registered as a broker and an investment advisor with LPL Financial, doing business as Webster Investments.

Mr. Christopher’s BrokerCheck report discloses one investor complaint. Filed in July 2024, it alleges that as a representative of LPL Financial, he “recommended investments in structured notes that incurred losses.” The pending complaint alleges unspecified damages.

In a statement included with the complaint’s disclosure, Mr. Christopher defends himself against the allegations, which he describes as meritless. “For many years this investor, a sophisticated, experienced millionaire real estate mogul, had owned the very same products with no complaint, receiving high returns and making money,” he writes further. “He was completely aware of all the risks involved and told LPL in writing that he was perfectly willing and able to assume those fully disclosed risks. When one single product (out of many he owned that made money) incurred a modest loss, he sued, looking to keep all of his gains but at the same time to transfer the very risk of loss he had accepted back onto LPL and his financial advisor.”

According to the Financial Industry Regulatory Authority, James Christopher holds 13 years of securities industry experience. Based in Long Island City, New York, he has been registered as a broker and an investment advisor with LPL Financial since 2020, doing business as Webster Investments. His past registrations include Financial Resources Group Investment Services, Santander Securities, EJ Sterling, and Chase Investment Services. His credentials include the passage of five securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; 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 Combined State Law Examination, or Series 66. He is licensed in California, Connecticut, Florida, Nevada, New Jersey, New York and Texas. (Information current as of August 25, 2024.)

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.