variable - Israels & Neuman, PLC

PETER LAWRENCE of American Portfolios is FIRED

Israels & Neuman, PLC — Wed, 20 Mar 2024 14:52:59 GMT

American Portfolios Financial Services Fires Advisor Peter Lawrence

HAUPPAUGE, NEW YORK Have you invested with financial advisor Peter Lawrence from Hauppauge, New York? He was fired by American Portfolios Financial Services in October 2023 regarding allegations that he sent unapproved reports to clients that contained inaccuracies. In addition, Peter Lawrence has been the subject of ten customer complaints within the last year, many of which make complaints about variable annuities.

According to FINRA, Mr. Lawrence had held his securities license with American Portfolios Financial Services from January 2019 to October 2023. He was also affiliated with Questar Capital Corp. from 2006 to January 2019 and worked in a Hauppauge, New York office.

Brokerage firms are required to have written supervisory and compliance procedures, under securities rules and regulations. If the firm failed to reasonably supervise its financial advisor, it may be held liable for customer losses.

Our firm has represented numerous investors throughout New York and have dozens of brokerage firms in the past, including against American Portfolios Financial Services.

View BrokerCheck report here.

If you lost money with Peter Lawrence or American Portfolios Financial Services, please Contact Us at 206-795-5798 for a free evaluation of your case.

Investor Alert: DANIEL JOSSEN of NYLife is BARRED

Israels & Neuman, PLC — Tue, 29 Jun 2021 19:55:34 GMT

BETHESDA, MARYLAND – Have you lost money with financial advisor Daniel Don Jossen? We are looking into allegations made about Daniel Jossen from Bethesda, Maryland. FINRA (the Financial Industry Regulatory Authority) barred Jossen from the securities industry. FINRA alleged that Jossen has failed to respond to its investigation regarding allegations that he misrepresented the terms of variable products and used a customer’s log-in at an outside brokerage firm to process financial transactions.

Daniel Jossen was a financial advisor and registered representative of NYLife Securities from 2011 to February 2021. He worked in a branch office in Bethesda, Maryland. Jossen also was permitted to resign by NYLife Securities.

Brokerage firms like NYLife Securities have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; Ann Arbor, Michigan; and Phoenix, Arizona. We represent investors in FINRA arbitration proceedings in all 50 states, including throughout Maryland. Our attorneys have represented over one thousand investors against many brokerage firms in the past.

View BrokerCheck: Jossen, D. BrokerCheck 6.28.21

View FINRA AWC: Jossen, D. FINRA AWC

If you lost money with Daniel Jossen or NYLife Securities, please CONTACT US at 720-599-3505 for a free evaluation of your case.

Investigation of ERIC BURTON, Cetera Advisors and LPL Financial

Israels & Neuman, PLC — Fri, 25 Jun 2021 17:38:43 GMT

ORLAND PARK, ILLINOIS – Have you lost money with financial advisor Eric P. Burton. of Orland Park, Illinois? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Eric Burton. FINRA suspended Burton for three months and fined him $5,000. Burton was being investigated regarding allegations that he falsified documents in connection with 22 variable annuity exchanges.

Eric Burton was a financial advisor and registered representative of LPL Financial from April 2016 to March 2019. He has been with Cetera Advisors from February 2019 to the present. He worked at a branch office in Orland Park, Illinois. Burton has also been the subject of two customer complaints regarding variable annuities.

Brokerage firms like LPL Financial and Cetera Advisors have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Phoenix, Arizona; Seattle, Washington; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Illinois in the past. Attorney David Neuman is licensed to practice law in grew up in the Chicagoland area. Our attorneys have represented over one thousand investors against many brokerage firms in the past.

View BrokerCheck: Burton, E. BrokerCheck 6.23.21

View FINRA AWC: Burton, Eric FINRA AWC

If you lost money with Eric Burton, Cetera Advisors, or LPL Financial, please CONTACT ISRAELS & NEUMAN at 720-599-3505 or 206-795-5798 for a free evaluation of your case.