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Shaun Floresca: $85K Complaint Against Alliant Advisor

A recent investor complaint against Chicago financial advisor Shaun Floresca (CRD# 4758697) alleges that he recommended an unsuitable investment, resulting in losses. Records provided by the Financial Industry Regulatory Authority indicate that he is a broker and an investment advisor with LPL Financial, doing business as Alliant Retirement and Investment Services.

Mr. Floresca’s BrokerCheck report discloses one investor complaint. Filed in February 2023, it alleges that as a representative of LPL Financial, he recommended a real estate investment in 2014 that “was inappropriate for the customer’s investment objectives and risk tolerance.” The pending complaint alleges damages of $85,000.

In a statement included with the pending complaint’s disclosure, Mr. Floresca denied the allegations, which he described as “completely” meritless. “The investment about which the customer complained was suitable and was recommended based on the customer’s objectives, goals and financial circumstances and were offered only after her review of all material documentation related to the investments,” he wrote, adding: “At all times, the representative and firm put the customer’s interest first, and will vigorously defend this matter to the fullest extent of the law.”

According to the Financial Industry Regulatory Authority, Shaun Floresca holds 18 years of securities industry experience. Based in Chicago, Illinois, he has been a broker and an investment advisor with LPL Financial since 2012, doing business as Alliant Retirement and Investment Services. His registration history includes Cuna Brokerage Services (Chicago, Illinois; 2009-2012), Chase Investment Services (Niles, Illinois; 2006-2009), MML investors Services (Springfield, Massachusetts; 2005-2006), Merrill Lynch (New York, New York and Rockford, Illinois; 2004-2005), and Banc One Securities (Chicago, Illinois; 2004). 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 holds 18 state licenses. (Information current as of May 3, 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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