John Locke: Why Did LPL Fire JL3 Financial Advisor?

Madison, Wisconsin financial advisor John Locke (CRD# 5566294) was recently terminated by LPL Financial in connection with alleged rule violations. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor with Harbour Investments, doing business as JL3 Financial.

Mr. Locke’s BrokerCheck report discloses his termination from LPL Financial. Filed in September 2023, the disclosure states that the firm fired him in connection with allegations he “Attempted to resolve [a] client grievance outside of approved Firm channels.” It does not describe the alleged underlying customer grievance.

As the website for Harbour Investments describes, the firm has a tenured, passionate, and cross-trained staff. “Our advisors are professionals who are open to discussion, which generates many new ideas,” a description of the firm explains. Our advisors take a long-term approach to manage their businesses from their client relationships to their affiliation with Harbour.  They utilize a variety of investment solutions to best serve their clients.  These products include, but are not limited to;  advisory services, bonds, fixed insurance, mutual funds, stocks and variable annuities.” It adds that its compliance department focuses on “trouble prevention, not sales prevention by partnering with the highest quality advisors.”

According to the Financial Industry Regulatory Authority, John Locke holds 12 years of securities industry experience. Based in Madison, Wisconsin, he has been a broker and an investment advisor with Harbour Investments since September 2023. He is also registered with offices in Janesville, Crivitz, and Green Bay, Wisconsin. His past registrations include LPL Financial (Madison, Wisconsin; 2015-2023) and Northwestern Mutual Investment Services (Middleton, Wisconsin; 2011-2015). His credentials include the passage of four 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; and the Uniform Securities Agent State Law Examination, or Series 63. He is licensed in Arizona, California, Colorado, Florida, Illinois, Michigan, Minnesota, Ohio, Oregon, Rhode Island, Tennessee, Texas, and Wisconsin. (Information current as of October 23, 2023.)

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