Los Angeles, CA – November 22, 2025 – Chetan Patil of Patil Law, P.C., a securities fraud attorney, is investigating William Bernard Tunink (CRD# 2738224), a former broker with LPL Financial LLC. According to FINRA records, Tunink faces 8 customer complaints alleging unauthorized borrowing from customers and undisclosed loans, with total damages of approximately $270,600 in settlements plus over $1.1 million in pending claims. Tunink was terminated by LPL Financial in September 2025 for failing to disclose customer loans and settling complaints away from the firm.
The most recent complaint, filed in October 2025, alleges Tunink obtained loans from a customer, some of which were used for an investment opportunity away from the firm. The pending FINRA arbitration (Case No. 25-02344) seeks damages of $205,000. The allegations cover the time period from November 2024 to September 2025. A civil lawsuit filed in Iowa District Court for Polk County (Case No. LACL163952) alleges Tunink breached contracts by failing to repay loans between January 2024 and October 2024. The pending lawsuit seeks damages of $346,874. Another pending complaint filed in October 2025 alleges Tunink borrowed funds totaling $281,278.98 from a customer for investment opportunities away from the firm. A separate complaint filed in September 2025 alleges Tunink engaged in selling away by selling Investment Units and entering into Silent Partner Agreements. This pending complaint seeks damages of $205,376. Three complaints have been settled. A complaint filed in October 2025 alleging Tunink borrowed $25,000 from a customer settled for $25,000, paid entirely by LPL Financial with no individual contribution from Tunink. Another complaint filed in October 2025 alleging Tunink borrowed $115,000 from a customer for investment opportunities settled for $115,000, also paid entirely by LPL Financial with no individual contribution from Tunink. In August 2025, a customer alleged Tunink borrowed $140,000 that was not repaid. This matter settled for $130,600, personally paid by Tunink. In September 2025, LPL Financial terminated Tunink’s registration. According to the firm’s disclosure: “Failed to disclose and receive prior approval for loans from customers; and settled a customer complaint away from the Firm.”
According to FINRA records, William Bernard Tunink has 29 years of experience in the securities industry. Based in West Des Moines, Iowa, he was registered with LPL Financial LLC from October 2021 to September 2025. His previous registrations include Avantax Investment Services (June 1996 – November 2021), where he spent 25 years. Tunink holds 18 state licenses and has passed the Securities Industry Essentials Examination (SIE), the General Securities Representative Examination (Series 7), the Investment Company Products/Variable Contracts Representative Examination (Series 6), and the Uniform Securities Agent State Law Examination (Series 63). In addition to securities activities, Tunink operated A&C Tax and Bookkeeping, doing business as Tunink Murray Financial Group, and held a vice president position with Agnew Tunink & Associates from 1975 to 2021.
Patil Law, P.C. is currently investigating claims on behalf of investors who loaned money to William Tunink or entered into undisclosed investment agreements or “silent partner” arrangements with him. Our firm 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. We represent individual investors and families nationwide. If you loaned money to William Tunink or suffered losses related to his alleged broker misconduct, you may be entitled to compensation. However, time is limited—FINRA arbitration claims generally must be filed within six years of the incident.
Contact Patil Law, P.C. today at 800-950-6553 or email info@patillaw.com for a free case evaluation. Don’t let time run out on your right to recover your losses.
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.
