Massachusetts Broker Accused of Defrauding Customers of $3M
James Kenneth Couture, an ex-LPL Financial registered representative, was arrested in July 2021 after turning down a plea deal related to criminal charges that accused him of stealing $3M from investors. Following his decision not to accept the deal, a grand jury added additional criminal counts to the charges of wire fraud and aggravated identity theft, as well as an investment advisor fraud charge. Couture has pleaded not guilty to all criminal charges and was released without bond.
At the time, Couture was an LPL Financial broker until that broker-dealer fired him in June 2020. He was also a Massachusetts-based investment advisor who ran the Private Wealth Management Group and shell company Legacy Financial Group.