October 7, 2019 Comments (0) Blog, Current Investigations

James M. Lamont Broker Investigation

James M. Lamont Broker Investigation, featured by Top Securities Fraud Attorneys, The White Law Group

Financial Advisor James M. Lamont, Whitehall-Parker Securities in San Francisco, CA

Are you concerned about investments with James M. Lamont in San Francisco, CA? 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 the Financial Industry Regulatory Authority (FINRA), the regulator has reportedly suspended James M. Lamont from working in the securities industry for 18 months and fined him $10,000.

FINRA alleges that between September 2015 and November 2017, Lamont purportedly engaged in unapproved private securities transactions involving the sale of promissory notes relating to Woodbridge Group of Companies, a purported real estate investment fund.

Lamont reportedly sold $1,467,000 in Woodbridge promissory notes to seven investors, three of whom were purportedly also customers of Whitehall-Parker. Lamont allegedly received $81,417 in commissions in connection with these transactions.

According to his FINRA BrokerCheck report, Lamont has reportedly been affiliated with Whitehall-Parker Securities in San Francisco, CA since 2015.

He reportedly has 22 disclosure events on his broker check record, including 1 regulatory event, 10 judgement/liens and 10 customer complaints.

Allegations include misrepresentation and unsuitable investments.

Investigating Potential Claims

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

When brokers violate securities laws, such as making unsuitable investments or engaging in unapproved private securities transactions, 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 California. Our attorneys have recovered millions of dollars from many brokerage firms in the past.

If you are concerned about your investments with James M. Lamont, 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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