- Free Confidential Consultation: (720) 599-3505 Tap Here To Call Us
Luke Lannister of Rockville, MD Suspended for Unauthorized Trading
Can You Recover Your Investment Losses?
Were you a client of Luke Lannister of Grove Point Investments in Rockville, Maryland? If you lost money investing with Lannister, you may have legal options to recover your losses. Call the law office of Israels & Neuman for a free and confidential case review.
FINRA Allegations Against Luke Lannister
FINRA brought a regulatory action against Lannister, alleging that Lannister engaged in discretionary trading in customer accounts without having written authorization to do so. Discretionary trading occurs when an advisor effects trades in an account without getting specific authority to make each transaction from the client prior to each trade. Lannister alleged that the customers generally understood that Lannister was engaging in such trading, but FINRA alleged that no written authorization was made for such. To settle these allegations, Lannister agreed to a two-month suspension and a $5,000 fine.
Background on Luke Lannister
Luke Lannister had been a representative of Grove Point Investments (formerly known as H. Beck) between February 2021 and November 2023. He was also previously licensed with Cuso Financial and Capital One. He worked at a Rockville, Maryland office. Lannister has been the subject of three customer complaints since 2022, and he was also terminated by H. Beck/Grove Point Investments for the discretionary trading allegations.
What Are My Rights as an Investor?
Maryland investors have the right to pursue claims through FINRA arbitration, a legal forum designed to help recover funds lost due to broker misconduct or unsuitable investment recommendations.
Luke Lannister may be individually liable for misrepresentation, unsuitable advice, or breach of fiduciary duty. However, Grove Point Investments may also bear responsibility if they failed to properly supervise Lannister or ignored warning signs.
We Represent Investors in Rockville and Across Maryland
At Israels & Neuman, we have helped thousands of investors nationwide recover money lost to financial advisor misconduct and represent investors throughout Maryland. Our attorneys have extensive experience handling claims involving Grove Point Investments.
Find Lannister’s FINRA AWC here
Find Lannister’s BrokerCheck report here
Free Case Review — Speak to a Securities Fraud Attorney Today
If you invested with Luke Lannister, contact us for a free case evaluation. We always offer Free Consultations. If we take your case, we do so on a contingency fee basis—which means there are no attorney fees unless we recover money for you!