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Lori Copeland: Why Did LPL Fire Charlotte Advisor?

Charlotte, North Carolina financial advisor Lori Copeland (CRD# 6437019) was recently terminated from former member firms in connection with alleged rule violations. Records provided by the Financial Industry Regulatory Authority and the Securities and Exchange Commission show that she is currently not registered as a broker, though she is registered as an investment adviser with Sparta Wealth Partners.

Mr. Copeland’s FINRA-maintained BrokerCheck report discloses her January 2023 discharge from LPL Financial and from Independent Advisor Alliance. The disclosure state that the firms fired her in connection with allegations she “Failed to disclose outside business activities to Firm.” No additional information is provided in the disclosures.

For reference. FINRA Rule 3270 prohibits advisors like Ms. Copeland from engaging in unapproved outside business activities. “No registered person may be an employee, independent contractor, sole proprietor, officer, director or partner of another person, or be compensated, or have the reasonable expectation of compensation, from any other person as a result of any business activity outside the scope of the relationship with his or her member firm,” the rule states specifically, “unless he or she has provided prior written notice to the member, in such form as specified by the member.” Brokers who violate this rule may be subject to disciplinary action by their member firms or by securities industry regulators.

According to the the Financial Industry Regulatory Authority and the Securities and Exchange Commission, Lori Copeland holds one year of securities industry experience. Based in Charlotte, North Carolina, she has been registered as an investment advisor with Sparta Wealth Partners since January 2023. Her past registrations include Independent Advisor Alliance (Charlotte, North Carolina; 2022-2023) and LPL Financial (Charlotte, North Carolina; 2021-2023). Her credentials include the passage of three securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7TO; and the Uniform Combined State Law Examination, or Series 66. She is licensed in Florida, North Carolina, and South Carolina. (Information current as of April 22, 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.

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