Published On: February 7, 2017

Recently, the Financial Industry Regulatory Authority (FINRA) barred Lawson Financial Corporation (LFC) and its CEO and President Robert Lawson from the securities industry. Lawson and his company allegedly committed securities fraud when they sold millions of dollars of municipal revenue bonds to LFC customers. The bonds were for Arizona charter schools and two assisted living facilities in Alabama, which were the borrowers on the bonds and LFC underwrote them. Robert Lawson was aware that the companies were having financial difficulties and he subsequently transferred millions of dollars to the borrowers and from a deceased customer’s account in order to hide the fact that they were facing difficulties. He also improperly transferred millions of dollars from the trust account to various parties when the borrowers required interest on the bonds. This is a breach of fiduciary duties as a trustee and engaging in self-dealing with the trust account, which are against securities rules. Lawson Financial Corporation can be held liable for investment losses you may have suffered. Please call our Chicago-based securities law firm today to find out how you may be able to recover your losses on a contingency fee basis in the arbitration forum.

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