Derek Lee Copeland

03/24/2025: From March 2020 to January 2023, Copeland participated in 74 private securities transactions without providing prior written notice to his firm. Copeland recommended the securities to 27 individuals, most of whom were LPL customers. Collectively, the customers invested nearly $11 million in 19 securities to fund real estate development projects and investments in other businesses. As a result, Copeland violated FINRA Rules 3280 and 2010. During the same period, Copeland communicated about securities-related business—including securities offered through LPL and private securities transactions—using channels of communication prohibited by LPL. LPL therefore did not preserve the communications as required by Section 17(a) of the Securities Exchange Act of 1934 and Exchange Act Rule 17a-4(b)(4). By causing LPL to maintain incomplete books and records, Copeland violated FINRA Rules 4511 and 2010. For this conduct, Copeland is barred from associating with any FINRA member in all capacities...

Reference 2023077756701data-portal.finra.orgfinra.org