Did you suffer losses with Thomas Lawrence, a former broker with Ameritas Investment Corp? If so, the attorneys at Stoltmann Law Offices are interested in speaking with you about those losses. They may be recoverable in the Financial Industry Regulatory Authority (FINRA) arbitration forum on a contingency fee basis, which means we only make money if you recover yours. Attorneys are standing by in Chicago, Illinois ready to take your call. There is no cost and no obligation associated with the call.
According to an Order Accepting Offer of Settlement with FINRA, Thomas Lawrence allegedly borrowed over $39,000 from a ninety-six year-old customer of the firm in order to help him pay his personal taxes. Lawrence allegedly drafted a promissory note stating that the loan would hold an interest rate of 5% per annum payable in 12 months. Lawrence did not repay any portion of the loan. Borrowing from customers is a violation of firm policies. For this, Lawrence was suspended from the industry for 24 months, fined $5,000 and ordered to pay restitution of $41,332.65 plus interest.
According to his online BrokerCheck report with FINRA, Mr. Lawrence was previously registered with Advantage Capital Corp in Atlanta, Georgia from May 1989 until May 1990, H.D. Vest Investment Securities in Irving, Texas from June 1990 until September 1991, Carillon Investments in Memphis, Tennessee from November 1991 until June 2006 and Ameritas Investment Corp in Chapel Hill, Tennessee from June 2006 until December 2016. He has one customer dispute against him, alleging fraudulent misrepresentations, omissions of material facts, failure to monitor accounts, unsuitable recommendations, borrowing from a customer, failure to supervise and breach of fiduciary duty and negligence, which is pending. He is currently not registered within the industry.
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