April 14, 2021
On March 2, 2021, former LPL Financial general securities representative Rhett Bedwell consented to a bar imposed by the Financial Industry Regulatory Authority (FINRA) for failing to provide documents and information requested by FINRA Department of Enforcement pursuant to FINRA Rule 8210. Bedwell has been associated with LPL Financial in Rogers, Arkansas from November 2017 to August 2019.
According to the Letter of Acceptance, Waiver and Consent (AWC), FINRA began investigating Bedwell’s securities business activities when LPL Financial filed an amended Form U5 reporting Bedwell’s termination from the firm and disclosing that Bedwell had been named in a pending customer arbitration. This customer alleged that in 2019, Bedwell moved their IRA to a different administrator and forged documentation to invest their money in a Ponzi scheme.
Without admitting or denying the allegations made against him, Bedwell consented to a bar from associating with any FINRA member firm in any capacity.
If you invested money with Rhett Bedwell and suspect wrongdoing, you may be able to recover from him or LPL Financial. Call us today at 1-877-410-8172 for a free consultation.