Barred former LPL rep pleads guilty to $5 million fraud
James Booth of Norwalk, Conn., faces 20 years in prison.
Former LPL Financial broker James T. Booth pleaded guilty to one count of securities fraud in connection with his years-long scheme to defraud his customers of nearly $5 million.
[More: Finra bars broker accused of stealing $1 million from clients]
"Mr. Booth bilked some 40 clients of nearly $5
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