Tr?id=566623520170033&ev=PageView&noscript=1

ÍøÆØ³Ô¹Ï

Former LPL Advisor Arrested On Theft Charges

Posted on December 19th, 2022 at 2:14 PM
Former LPL Advisor Arrested On Theft Charges

From the Desk of Jim Eccleston at ÍøÆØ³Ô¹Ï.

Bradley Goodbred, a former LPL advisor who was recently charged with theft by the Securities and Exchange Commission (SEC), was arrested by suburban Chicago police last week.

Goodbred’s arrest related to a 2021 investigation “in which it was initially reported that Goodbred, acting as both a financial adviser and financial power of attorney for an elderly victim, misappropriated funds belonging to the victim between 2012 to 2020”, according to the Yorkville Police Department. According to Yorkville Police, Goodbred solicited one of his clients to make investments, but Goodbred instead misappropriated client funds for his own use.

The SEC charged Goodbred with misappropriating $1.3 million from an elderly client who suffers from dementia after LPL discharged Goodbred in January 2021, according to BrokerCheck. Goodbred was released after posting a bond of $25,000 and faces at least 20 charges related to the alleged misappropriation, according to Yorkville Police. Police records indicate that the charges include 12 felony counts of “financial exploitation of an elderly person or person with a disability.”

ÍøÆØ³Ô¹Ï LLC represents investors and financial advisors nationwide in securities, employment, regulatory and disciplinary matters.

Tags: eccleston, eccleston law, advisors, law, sec

Return to Archive

TESTIMONIALS

Previous
Next
Quotes Bigger

I cannot thank you enough for your efforts. You have proven to be a valuable resource.

Jim T.

LATEST NEWS AND ARTICLES

1783957061 Law
July 13, 2026
FINRA Warns of Growing Risks From Finfluencers and AI-Driven Investment Content

Financial Industry Regulatory Authority (FINRA) regulators are raising concerns about the increasing influence of social media personalities and artificial intelligence (AI) on retail investors, particularly those managing their own investments without professional guidance.

1783615970 Law
July 9, 2026
FINRA Suspends Former Branch Manager for Supervisory Failures Linked to Excessive Trading and Churning

A former regional branch manager at a broker-dealer has agreed to Financial Industry Regulatory Authority (FINRA) sanctions after the regulator found that he failed to supervise registered representatives who engaged in excessive trading and churning of customer accounts.

1783525964 Law
July 8, 2026
SEC Sanctions David Lerner Associates for Regulation Best Interest Violations

David Lerner Associates has agreed to settle Securities and Exchange (SEC) charges alleging violations of Regulation Best Interest (Reg BI) that resulted in unnecessary costs to retail investors, according to InvestmentNews.