Fort Mill, SC – December 18, 2025 – Kyle Critcher (CRD# 7351555), a former broker with LPL Financial, has a regulatory action on his FINRA BrokerCheck record alleging he negligently misrepresented corporate bonds as FDIC-insured certificates of deposit to senior investors. The case was resolved through an Acceptance, Waiver & Consent agreement, resulting in a three-month suspension and a $5,000 fine. This post provides factual information from FINRA records and explains investor recovery options.
BrokerCheck Snapshot
Name: Kyle Ray Critcher
CRD #: 7351555
Former Firm: LPL Financial LLC
Location: Fort Mill, SC
Years in Industry: 4
Number of Disclosures: 2 (1 Regulatory Event, 1 Termination)
Current Status: Not currently registered
Regulatory Action Against Kyle Critcher
On December 10, 2025, FINRA initiated a regulatory action against Kyle Critcher under docket number 2024083173801. The action alleges that Critcher contravened Section 17(a)(2) of the Securities Act by negligently misrepresenting material facts to two senior customers. According to FINRA findings, Critcher recommended that the customers purchase more than $500,000 in corporate bonds while negligently claiming the bonds were FDIC-insured certificates of deposit, even though he should have known the corporate bonds were not FDIC-insured.
The findings stated that the corporate bond purchases factored into Critcher’s compensation. Shortly after the purchases were made, the customers contacted LPL Financial and complained. The firm reversed the transactions and purchased actual certificates of deposit for the customers.
Without admitting or denying the findings, Critcher consented to the sanctions through an Acceptance, Waiver & Consent (AWC) agreement. The resolution became final on December 10, 2025. He received a three-month suspension (December 15, 2025 through March 14, 2026), a $5,000 fine with deferred payment, and must requalify by exam before acting in any capacity with a FINRA member.
Employment Termination from LPL Financial
On August 1, 2024, Kyle Critcher was discharged from LPL Financial. According to the disclosure filed with FINRA, the termination was based on allegations that he failed to follow customer instructions to purchase certificates of deposit. This termination occurred approximately four months before FINRA formally resolved the regulatory action.
Pattern of Complaints / Risk Factors
While each case is unique, complaints of this type may indicate concerns related to unsuitable investment recommendations, inadequate risk disclosures, or misrepresentation of product features. Investors should carefully review account statements and seek legal guidance if similar issues occurred involving their accounts at LPL Financial.
Can Investors Recover Losses?
Investors who relied on false statements or omissions may be entitled to pursue recovery through FINRA arbitration. Patil Law, P.C. has over 15 years of experience representing investors in FINRA arbitration and securities litigation, with more than $25 million recovered for clients across 1,000+ cases. We provide a free, confidential consultation to review your potential claim. Our firm works on a contingency fee basis, meaning you pay no attorney fees unless we successfully recover money for you.
About FINRA Arbitration
FINRA arbitration is a streamlined dispute resolution process for securities-related claims. It offers a faster, more cost-effective alternative to traditional court litigation. Most cases are resolved within 12-16 months. Claims generally must be filed within six years of the incident. The process is designed to handle disputes between investors and brokerage firms or individual brokers regarding investment losses, unauthorized trading, or misrepresentation of investments.
Related Brokers and Firms
If you experienced losses involving brokers at LPL Financial, you may want to review similar cases. Our firm has handled numerous claims involving misrepresentation and unsuitable investments at major brokerage firms. Common issues include misleading statements about investment risks, failure to disclose material facts, and recommendations that do not align with a client’s investment objectives or risk tolerance.
Frequently Asked Questions
What is the complaint against Kyle Critcher?
According to FINRA records, Kyle Critcher allegedly negligently misrepresented corporate bonds as FDIC-insured certificates of deposit to two senior customers, resulting in purchases totaling more than $500,000. FINRA found that he contravened Section 17(a)(2) of the Securities Act. He consented to sanctions without admitting or denying the findings, receiving a three-month suspension, a $5,000 fine, and a requirement to requalify by exam.
Can investors recover losses involving LPL Financial?
Yes, investors who suffered losses due to broker misconduct at LPL Financial may be entitled to pursue recovery through FINRA arbitration. The arbitration process allows investors to seek compensation for losses resulting from unsuitable recommendations, misrepresentation, unauthorized trading, and other forms of securities misconduct. Claims must generally be filed within six years of the incident.
What is FINRA arbitration?
FINRA arbitration is a dispute resolution forum administered by the Financial Industry Regulatory Authority. It provides a more efficient alternative to traditional litigation for resolving disputes between investors and brokerage firms. An arbitration panel reviews evidence, hears testimony, and issues a binding decision. The process typically takes 12-16 months from filing to resolution.
What does “unsuitable investment” mean?
An unsuitable investment is one that does not align with an investor’s financial situation, investment objectives, risk tolerance, or time horizon. Under FINRA rules, brokers must have a reasonable basis for believing that a recommended investment is suitable for a particular customer. Recommendations that prioritize the broker’s compensation over the client’s best interests may constitute unsuitable investment advice.
How do I look up a broker on BrokerCheck?
Visit FINRA’s BrokerCheck website at brokercheck.finra.org and search by the broker’s name or CRD number. BrokerCheck provides information about a broker’s employment history, qualifications, and disclosure events, including customer complaints, regulatory actions, and employment terminations. The service is free and publicly accessible.
What should I do if I suspect broker misconduct?
Document all communications with your broker, including emails, statements, and recorded calls if available. File a complaint with FINRA and your state securities regulator. Consider consulting with a securities attorney who specializes in investor recovery to evaluate whether you have a viable claim. Acting promptly is important, as arbitration claims must be filed within six years of the incident.
About Patil Law, P.C.
Patil Law, P.C. is a securities litigation firm dedicated to representing investors who have suffered losses due to broker misconduct, unsuitable recommendations, and securities fraud. Founded in 2018 by attorney Chetan Patil, the firm focuses exclusively on FINRA arbitration and investment loss recovery.
With over 15 years of combined experience in securities law, Patil Law has successfully recovered more than $25 million for clients across 1,000+ cases. Attorney Chetan Patil earned his law degree from Case Western Reserve University School of Law. Attorneys Gabriela Dubrocq and Patricia Herrera earned their law degrees from University of Miami. The firm handles cases nationwide involving unauthorized trading, churning, unsuitable investments, breach of fiduciary duty, and failure to supervise.
Patil Law works on a contingency fee basis, meaning clients pay no attorney fees unless the firm successfully recovers money on their behalf. All consultations are free and confidential.
Contact Patil Law for a Free Consultation
If you suffered investment losses involving Kyle Critcher or another broker at LPL Financial, contact Patil Law, P.C. for a free, confidential case evaluation. Our experienced securities attorneys can review your account statements, assess whether you have a viable claim, and explain your legal options.
Call: 800-950-6553
Email: info@patillaw.com
Website: investmentlosslawyer.com
There is no obligation, and we work on a contingency fee basis—you pay nothing unless we recover money for you.
Disclaimer: The information in this post is based on FINRA BrokerCheck records and public filings. Allegations described are pending or unproven and may be contested. All investors are entitled to fair treatment under securities laws. This is attorney advertising. Prior results do not guarantee a similar outcome. This communication is for informational purposes only and does not create an attorney-client relationship.
