{"id":6660,"date":"2018-11-06T12:38:08","date_gmt":"2018-11-06T18:38:08","guid":{"rendered":"http:\/\/www.investorlawyers.com\/?p=6660"},"modified":"2022-05-17T14:27:28","modified_gmt":"2022-05-17T19:27:28","slug":"ex-lpl-financial-broker-gets-20-years-in-prison-for-securities-fraud","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/ex-lpl-financial-broker-gets-20-years-in-prison-for-securities-fraud\/","title":{"rendered":"Ex-LPL Financial Broker Gets 20 Years in Prison for Securities Fraud"},"content":{"rendered":"<p>\t\t\t\tSonya Camarco, an target=&#8221;_blank&#8221; rel=&#8221;noopener noreferrer&#8221;>ex-LPL Financial (LPLA) broker, has been sentenced to 20 years in prison after she admitted to stealing $1.8M from clients. Camarco, who worked for the brokerage firm in Colorado, was indicted by a grand jury last year on multiple counts of securities fraud. She pleaded guilty to one count of each.<\/p>\n<p>According to the broker fraud case against her, between 2013 and 2017, Camaro stole over $1.8M from clients for her own use. In August 2017, LPL Financial fired her. That same month, the <a href=\"https:\/\/www.sec.gov\" target=\"_blank\" rel=\"noopener noreferrer\">US Securities and Exchange Commission<\/a> was able to get an emergency court order and asset freeze against Camarco. The SEC\u2019s complaint said that the theft took place over 13 years and the ex-LPL broker lied to clients about the money she was taking from their accounts.<\/p>\n<p>The SEC also accused Camarco of forging client signatures on checks and liquidating securities in their accounts so she could make unauthorized payments. When clients asked about the checks written to an entity named &#8220;C Investments&#8221;, Camarco lied by claiming that the entity was an outside investment she had made for them. The former broker also allegedly lied when LPL Financial confronted her about the fraud. All the while, she used client money to pay her mortgage and credit card bills.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/ex-lpl-financial-broker-gets-20-years-in-prison-for-securities-fraud\/\"  title=\"Continue Reading Ex-LPL Financial Broker Gets 20 Years in Prison for Securities Fraud\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Sonya Camarco, an target=&#8221;_blank&#8221; rel=&#8221;noopener noreferrer&#8221;>ex-LPL Financial (LPLA) broker, has been sentenced to 20 years in prison after she admitted to stealing $1.8M from clients. Camarco, who worked for the brokerage firm in Colorado, was indicted by a grand jury last year on multiple counts of securities fraud. She pleaded guilty to one count of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":6663,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3773,3783,3739],"tags":[3067,3175],"class_list":["post-6660","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-broker-fraud","category-broker-misconduct","category-finra","tag-lpl-financial","tag-sonya-camarco"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ex- LPL Financial Broker Gets 20 Years | Securities Fraud Attorney<\/title>\n<meta name=\"description\" content=\"Sonya Camarco, an ex-LPL Financial (LPLA) broker, has been sentenced to 20 years in prison after she admitted to stealing $1.8M from clients.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/ex-lpl-financial-broker-gets-20-years-in-prison-for-securities-fraud\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Ex- LPL Financial Broker Gets 20 Years | Securities Fraud Attorney\" \/>\n<meta name=\"twitter:description\" content=\"Sonya Camarco, an ex-LPL Financial (LPLA) broker, has been sentenced to 20 years in prison after she admitted to stealing $1.8M from clients.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/11\/dreamstime_xxl_96933145.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; 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