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LPL Broker Barred for Nontraded REIT Sales

Gary Chackman, a long time LPL broker, was barred from the financial industry by the Financial Industry Regulatory Authority, Inc. (FINRA) for abusive sales practices involving nontraded real estate investment trusts (REITs). According to FINRA, Chackman falsified documents to effectuate the improper REIT sales. By falsifying the documents, Chackman enjoyed the benefit of the typically high (7%) commission paid on nontraded REITS.

Mr. Chackman's financial group was located in Pikesville, Maryland. If you have had any dealings with Gary Chackman or you have been victimized by securities fraud, financial malpractice, or theft by a FINRA registered broker, please call the securities attorneys of the Costello Law Group at (877) 418-0003 for a free consultation.

To read more about this, please visit: http://www.investmentnews.com/article/20131219/FREE/131219869

To read Mr. Chackman's FINRA Broker Check Report, please visit: http://brokercheck.finra.org/Support/ReportViewer.aspx?SearchGroup=Individual&FirmKey=-1&BrokerKey=1705039

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