Financial Advisor Eddie Lyons, Raymond James in Shreveport, LA
Are you concerned about investments with Eddie Lyons in Shreveport, LA? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim.
According to an article in KTBS Shreveport news, Eddie Lyons (James Edward Lyons) was reportedly barred from the financial industry after he was accused of “costing clients more than $5 million in risky investments that went against their wishes to invest conservatively.”
Lyons, a champion amateur golfer, was reportedly well known in the Shreveport community and worked in the securities industry for more than 30 years, according to reports.
The group of Shreveport investors who reportedly filed suit against Lyons include attorneys, a doctor, a college professor, business people, retirees, a church and a social service agency, according to the article, and many of the individuals are in their 70s and 80s.
The portfolios reportedly lost millions from unsuitable investments and were also affected by high commissions and fees, according to the article.
According to his FINRA BrokerCheck report, Lyons was reportedly affiliated with Raymond James in Shreveport, LA from February 2013 until May 2017 when he was allegedly fired due to “customer allegation of unauthorized trading.”
Prior to that, he was registered with Morgan Keegan for twenty years. He currently has 8 customer complaints listed on his broker report, one of which is still pending.
Investigating Potential Claims
The White Law Group is investigating potential lawsuits regarding the liability that his former employers may have for failure to properly supervise Lyons.
When brokers violate securities laws, such as making unauthorized or unsuitable investments, the brokerage firm they are working with may be liable for investment losses through FINRA Arbitration.
Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Franklin, Tennessee.
We represent investors in FINRA arbitration claims in all 50 states, including Louisiana. Our attorneys have recovered millions of dollars from many brokerage firms in the past.
If you have suffered losses investing with Eddie Lyons, please call the securities fraud attorneys at The White Law Group at 888-637-5510 for a free consultation.
For more information on The White Law Group, and its representation of investors, please visit www.WhiteSecuritiesLaw.com.