By taxclubadmin 
Earlier this month, LPL Financial was awarded nearly $822,000 in damages, interest and fees in a FINRA arbitration it filed nearly three years ago against Eileen Cure, who was terminated by the firm after allegations that she discriminated against Black job applicants.
In response, Cure then filed a motion in her own lawsuit against the independent broker/dealer to vacate or modify the arbitration award, claiming she was unrepresented in the proceeding and was “not provided with proper notice and opportunity to be heard.”
In the latest development, LPL filed suit against Cure in a Southern District of Texas court this week, seeking enforcement of the arbitration award.
Cure’s attorney did not immediately respond to a request for comment.
In the arbitration against Cure, LPL claimed she breached her representative agreement and that the balance of two promissory notes was due. The arbitration panel found that she was “wholly in breach” of the promissory notes for more than $122,000.
Cure’s own lawsuit against LPL is still ongoing. In the motion to vacate the arbitration award, her attorney, Ellyn Clevenger, said she would no longer be representing Cure and would be filing a motion to withdraw from the case. Cure is seeking $150 million in damages, claiming LPL stole her book of business illegally.
Cure was affiliated with LPL from 2018 to 2021, when she was terminated. In October 2021, videos surfaced on TikTok showing a Slack message in which Cure wrote that she did not want to interview Black applicants for a job opening at her firm, after an interview with a Black candidate.
After leaving LPL, Cure was affiliated with Wealth Management of Kentucky, Inc., an RIA, until leaving the industry in 2023.