{"id":2551,"date":"2017-03-14T00:00:00","date_gmt":"2017-03-14T04:00:00","guid":{"rendered":"http:\/\/silverlaw.lawblogger.net\/blog\/new-jersey-michael-babyak-jr-investigation\/"},"modified":"2018-10-08T12:37:43","modified_gmt":"2018-10-08T16:37:43","slug":"new-jersey-michael-babyak-jr-investigation","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/new-jersey-michael-babyak-jr-investigation\/","title":{"rendered":"Former LPL Financial Broker Michael Babyak Jr Under Investigation After FINRA Permanent Bar"},"content":{"rendered":"<\/p>\n

Silver Law Group is investigating former LPL Financial LLC (CRD# 6413)<\/a> broker Michael Babyak Jr, II after FINRA permanently barred him.<\/p>\n

According to Babyak\u2019s FINRA BrokerCheck report, FINRA permanently barred Babyak from acting as a broker or otherwise associating with firms that sell securities to the public in October 2016.<\/p>\n

Without admitting or denying the findings, FINRA found that Babyak had customers invest a total of $4.25 million into a limited liability company that he set up.\u00a0 Babyak, who had complete control over the LLC, then loaned the $4.25 million to a third party for the benefit of his customers.\u00a0 Further, Babyak arranged for the repaid funds to be loaned to two additional borrowers.\u00a0 Babyak failed to notify his employing firm he was participating in these additional transactions.<\/p>\n

Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Silver Law Group is investigating former LPL Financial LLC (CRD# 6413) broker Michael Babyak Jr, II after FINRA permanently barred him. According to Babyak\u2019s FINRA BrokerCheck report, FINRA permanently barred Babyak from acting as a broker or otherwise associating with firms that sell securities to the public in October 2016. Without admitting or denying the […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[580],"tags":[187,39,188,189,190],"class_list":["post-2551","post","type-post","status-publish","format-standard","hentry","category-stockbroker-misconduct","tag-leigh-baldwin-co","tag-lpl-financial","tag-michael-babyak-jr","tag-pfs-partners","tag-precision-financial-services"],"yoast_head":"\nFormer LPL Financial Broker Michael Babyak Jr Under Investigation After FINRA Permanent Bar — Securities Arbitration Lawyers Blog — March 14, 2017<\/title>\n<meta name=\"description\" content=\"If you have lost money investing with Michael Babyak Jr and LPL Financial LLC, contact our firm to learn how you can try to recover your losses.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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