September 10, 2019 Comments (0) Blog, Current Investigations

Thomas H. Lawrence III Broker Investigation

Thomas H. Lawrence III Broker Investigation, featured by top securities fraud attorneys, The White Law Group

Thomas H. Lawrence III, Ameritas Investment Corp. in Chapel Hill, TN

Are you concerned about investments with Thomas H. Lawrence III (Tommy Lawrence) in Chapel Hill, TN? 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 public disclosures on FINRA’s website, the Tennessee Securities Division has reportedly barred Lawrence on June 20, 2019 from working in the securities industry after allegations of “borrowing money from a client.”

In July 2017, Lawrence was reportedly named a respondent in a FINRA complaint alleging that he borrowed more than $39,000 from one of his securities customers, a retiree who was approximately 96 years old.

The findings stated that Lawrence allegedly promised to repay the loan in a year, but he never repaid any part of it. Lawrence reportedly failed to notify his member firm about the loan before obtaining it and the firm allegedly never approved the loan from the customer. Lawrence’s firm purportedly prohibited borrowing from such customers, which Lawrence allegedly repeatedly acknowledged, according to FINRA.

According to his FINRA BrokerCheck report, Lawrence was reportedly affiliated with Ameritas Investment Corp. in Chapel Hill, TN from June 2006 until December 2016. Lawrence reportedly has 2 customer complaints listed on his broker report.

Investigating Potential Lawsuits

The White Law Group is investigating potential lawsuits regarding the liability that Lawrence’s former employers may have for failure to properly supervise him.

When brokers violate securities laws, such as borrowing money from clients, 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 Tennessee. Our attorneys have recovered millions of dollars from many brokerage firms in the past.

If you have suffered losses investing with Thomas H. Lawrence III, 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.

 

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