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LPL Rep Sold Complex Product to 95 Year-Old Client, Violating Reg BI
News August 11, 2025 at 10:32 AM
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What You Need To Know
- Brenton Ditto recommended that a 95-year-old client invest in Government National Mortgage Association (GNMA) support class bonds.
- The account was funded with $75,000, the proceeds from the sale of the client's home.
- The client incurred roughly $19,000 in losses from his investments.
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