HELENA, Mont., Sept. 9, 2010 (GLOBE NEWSWIRE) -- The Law Firm of Shepherd Smith Edwards & Kantas LLP continues to investigate Donald Chouinard, former broker with Linsco Private Ledger (LPL). The Montana Securities Commission shut down Chouinard's businesses last year, and Chouinard has recently plead not guilty to various felony charges. According to investigations, Chouinard allegedly made unauthorized trades on customer's accounts during the five years he was registered as a broker with LPL Financial Corp. Allegedly, Chouinard generated approximately $250,000 in fees and commissions, while his customers lost over $1,000,000.
Our law firm has filed dozens of FINRA/NASD claims against Linsco Private Ledger in the past two decades. The claims in those lawsuits have included fraud, unsuitable investment recommendations, misrepresentations and omissions, churning and selling away.
Shepherd Smith Edwards & Kantas LLP has a team of attorneys, consultants and others with more than 100 years of combined experience in the securities industry and in securities law. Since 1990, we have represented thousands of investors nationwide to recover losses. We have represented clients in Federal and state courts and in arbitration through the Financial Industry Regulatory Authority (FINRA), the New York Stock Exchange Inc. (NYSE), the American Arbitration Association (AAA) and in private arbitration actions. Collectively, we have represented clients in more than 1,000 matters in negotiation, mediation, arbitration and litigation.