- June 20, 2018
- Broker Discipline
- Fraud
- Misrepresentation
- Unauthorized Trading
- Unsuitability
The Wolper Law Firm, P.A. is currently investigating claims against Brad Lawing, A former Financial Advisor at Cambridge Investment Research in Springfield, Missouri.
According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), Brad Lawing has been the subject of eleven (11) customer complaints since 2015. This is an exceedingly high number of customer complaints against a single financial advisor in a short period of time. The allegations made in the customer complaints include unauthorized trading and misrepresenting or omitting material facts regarding the purchase and sale of securities.
Separately, in November 2017, FINRA instituted a regulatory investigation regarding Brad Lawing’s sale of shares in a business development company to several customers. After the conclusion of the investigation, Brad Lawing was fined $10,000 and suspended from associating with FINRA member brokerage firms.
Brokerage firms are required by regulation to supervise the Financial Advisors they employ. The failure of a brokerage firm to properly supervise its Financial Advisors imposes liability on the brokerage firm for investment losses caused by the Financial Advisor’s misconduct.
If you or someone you know was a customer of Brad Lawing and you experienced investment losses, please contact the Wolper Law Firm, P.A. at 800.931.8452 or by email at mwolper@wolperlawfirm.com to discuss your specific situation and the legal options available. The Wolper Law Firm, P.A. represents investors nationwide in securities litigation and arbitration.
Attorney Matthew Wolper
Matt Wolper is a trial lawyer who focuses exclusively on securities litigation and arbitration. Mr. Wolper has handled hundreds of securities matters nationwide before the Financial Industry Regulatory Authority (FINRA), American Arbitration Association (“AAA”), JAMS, and in state and federal court. Mr. Wolper has handled and tried cases involving complex financial products and strategies ranging from traditional stocks and bonds to options, margin and other securities-based lending products, closed/open-end mutual funds, structured products, hedge funds, and penny stocks. [Attorney Bio]