FINRA Permanently Bars Former LPL Broker Thomas Caniford
Thomas Caniford, a former LPL Financial broker, was permanently barred from any association with any FINRA firm in June 2015. The bar was a result of a previous suspension for failing to respond to FINRA’s request for information. Caniford failed to request termination of his suspension in three month from date of the notice of suspension and was automatically barred.
While working at LPL Financial, Caniford was the subject of a customer complaint that alleged that Caniford stole approximately $105,000 from the customer. There is also a pending complaint from his time at LPL alleging that he placed the customer in an investment unapproved by LPL and that he misappropriated funds. Caniford was terminated by LPL in February 2015 for having custody and control of client funds in a bank account in violation of firm policy and for failure to provide bank records requested by the firm. According to Caniford’s CRD, there is a pending felony charge in Ohio for theft from a person in a protected class. According to news reports, Mr. Caniford may have stolen from a local church.
Caniford was employed by LPL from March 2008 until his termination in February 2015. Prior to working at LPL, Caniford worked at Multi-Financial Securities Corporation and Fundcap Management Company. He had been in the securities industry for 32 years. Mr. Caniford allegedly solicited investments in a number of different vehicles which he either owned or had control over including:
- Caniford & Company
- Caniford Capital
- Caniford Wealth Management
- Fundcap Management Company, Inc.
- ProShares Hedge Portfolio
- ProShares Fund
- Hedge Fund Porfolio
Silver Law Group represents investors in securities and investment fraud cases. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide to help recover investment losses due to stockbroker misconduct. If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.