Our firm is investigating LPL Financial LLC broker and investment adviser representative Conrad E. Cook V (CRD# 2885992) of Birmingham, Alabama for potential investment-related misconduct.
Financial Advisor’s Career History
Conrad E. Cook V has been registered in the securities industry since at least 1997 and is currently registered with LPL Financial LLC.
Based on his BrokerCheck registration and employment history, his disclosed firms include:
- LPL Financial LLC (Registered Representative / Investment Adviser Representative) — Birmingham, Alabama (registered since 02/18/2005; currently registered).
- Level Four Advisory Services (Investment Adviser Representative) — Birmingham, Alabama (01/2017 – 08/2021).
- Morgan Stanley (Investment Adviser Representative) — Birmingham, Alabama (12/2002 – 02/2005).
- Morgan Stanley DW Inc. (Broker/Registered Representative) — Purchase, New York (05/1997 – 02/2005).
Conrad E. Cook V Fraud Allegations and Investor Complaints Explained
BrokerCheck reflects one customer dispute disclosure reported as pending.
Overview of Reported Disclosures
- Customer Dispute (Pending) — Claimants allege that investments in a decedent’s retirement account were not immediately liquidated upon death, and the holdings allegedly declined in value prior to liquidation, resulting in a lower payout to beneficiaries. Alleged damages: $311,200. Notice served: 11/20/2025. FINRA arbitration reported as pending; FINRA Docket/Case #: 25-02273.
Disclosure 1 (Customer Dispute – Pending) — Alleged Failure to Timely Liquidate After Death
What is alleged: Claimants allege that the investments held in the decedent’s retirement account were not promptly liquidated upon her death, and that the account’s holdings declined in value before liquidation—reducing the amount paid to beneficiaries.
Forum and status: The matter is reported as a FINRA arbitration and is pending, with case number 25-02273.
Alleged damages: $311,200.00
Broker’s position (as reported): Cook denies the allegations and states he serviced the decedent’s retirement account promptly and professionally.
To obtain a copy of Conrad E. Cook V’s FINRA BrokerCheck report, visit this link.
Robert Wayne Pearce Is Committed to Recovering Your Investment Losses
FINRA Rule 2010 is frequently implicated in customer disputes alleging mishandling of account administration or execution-related failures. In matters alleging delayed liquidation after a triggering event (such as the account owner’s death), Rule 2010 may be relevant where the conduct at issue reflects a failure to observe high standards of commercial honor in processing instructions, communicating material timing considerations, or handling transactions in a manner consistent with industry expectations.
FINRA Rule 3110 (Supervision) can be relevant when a complaint alleges that a brokerage firm and/or its associated persons failed to timely act on account-related events and instructions, particularly where delays allegedly contribute to avoidable losses. If claimants contend that liquidation did not occur promptly and the account declined before execution, Rule 3110 frames the supervisory obligations around policies, procedures, and oversight designed to ensure timely and compliant handling of customer accounts and transactions.
FINRA Rule 4511 (Books and Records) can be relevant in disputes where the timeline and documentation of instructions, processing steps, communications, and decision-making are central to the allegations. For example, in a case alleging that investments were not immediately liquidated and losses accrued before liquidation, the adequacy and completeness of the firm’s and representative’s records may become critical to evaluating what was requested, when it was received, what actions were taken, and whether the handling met required standards.
Losing your savings to a dishonest broker or advisor can be devastating, but you do not have to face it alone. Robert Wayne Pearce and his team have spent over four decades helping investors who were misled or defrauded by Wall Street firms. The Law Offices of Robert Wayne Pearce, P.A. takes cases nationwide on a contingency fee basis. You pay nothing unless we recover your losses. Call (800) 732-2889 or email pearce@rwpearce.com today for a free and confidential consultation.