Lawrence M. Thomas, formerly of Woodbury Financial Services, Barred from Securities Industry
Have you lost money with financial advisor Lawrence M. Thomas of North Attleboro, Massachusetts? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Lawrence Marshall Thomas. FINRA barred Thomas from the securities industry after he failed to respond to a FINRA investigation. FINRA was investigating Thomas regarding allegations that he recommended that customers purchase investments that were not authorized by his former brokerage firm, Woodbury Financial Services.
Lawrence Thomas was a financial advisor and registered representative of Woodbury Financial Services from January 2005 to January 2013. He was also affiliated with Brooklight Place Securities from May 2013 to April 2014 and with Essex Securities from May 2014 to September 2015. He worked at branch offices North Attleboro, Massachusetts. Thomas was also suspended by FINRA for three months in 2016 regarding allegations that he directed his assistant to forge customer signatures.
Brokerage firms like Woodbury Financial Services 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 and the Seattle area. We represent investors in FINRA arbitration proceedings in all 50 states, including numerous investors in Massachusetts. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including Woodbury Financial Services.
Click to view: Thomas, Lawrence BrokerCheck 6.12.17
Click to view: Thomas, Lawrence FINRA AWC
If you lost money with Lawrence Thomas or Woodbury Financial Services, please CONTACT US at 720-599-3505 for a free evaluation of your case.
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.