# Barred Adviser Admits $3.3M Fraud Against LPL, Fidelity, TD Ameritrade

Canonical page: https://sequoia-research.com/news/barred-adviser-admits-3-3m-fraud-against-lpl-fidelity-td-ameritrade-1087b78a

Author: Sequoia Research
Published: 2026-10-25T21:22:59.549Z
Updated: 2026-10-25T21:43:01.776Z
Original source: [AltsWire](https://altswire.com/barred-adviser-admits-3-3m-fraud-against-lpl-fidelity-td-ameritrade/)
Source published: 2026-10-23T20:00:26.000Z
Type: News
Topics: Alternative Investments

AltsWire reports that former financial adviser Andrew M. Komarow pleaded guilty to wire fraud on October 22, 2026. Federal prosecutors said three financial services companies lost approximately $3.35 million through his use of unfunded transfers into personal brokerage accounts.

According to prosecutors, Komarow requested about $8.9 million in transfers between October 2022 and February 2023 and used credited balances for short-term options trading despite insufficient bank funds. At the announcement, he remained on a $50,000 bond and sentencing had not been scheduled. The offense carries a maximum prison term of 20 years; that is not an imposed sentence.

[Read the original](https://altswire.com/barred-adviser-admits-3-3m-fraud-against-lpl-fidelity-td-ameritrade/)

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