Carol Holesha Discharged From LPL Financial

The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Carol Holesha. According to his publicly available FINRA BrokerCheck report, Carol Holesha has been the subject of a customer dispute and a FINRA sanction.

Carol Holesha was an Illinois based securities broker. She worked in the securities industry for thirty-two years. During her career, she was registered with three different securities firms. She is no longer working as a registered securities broker in any fashion.

Her Registrations

• River North Securities Corp. (1986-1988)


• Mutual Service Corporation (1988-2009)


• LPL Financial (2009-2018)

• In March 1993, a customer alleged that Carol Holesha recommended unsuitable investments, handled their account negligently, breached her fiduciary duty, and omitted material facts. This case was settled for $150,000 in damages.


• Carol Holesha was officially sanctioned by FINRA in November 2018. The findings in this matter state that she borrowed $125,000 from a member firm customer without obtaining her firm's authorization. Due to the alleged actions, she was fined $7,500, forced to repay the $125,000 in restitution, and suspended from acting as a securities broker in any fashion for a period of five months. She had been terminated from her position at LPL Financial four months prior due to the allegations.

Many investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who have lost money in this fashion may actually be entitled to damages.

Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Carol Holesha, please contact Oakes & Fosher for a free and private consultation. Oakes & Fosher handles cases on a contingency basis, which means there are no fees charged unless we collect for you.