August 26, 2019

DEBRA LAMBERT Excessively Trade Your Account?

a man holds his head in his hands, a woman holds her head in her hands

Did Debra Lambert Excessively Trade Your Account?

The Financial Industry Regulatory Authority (“FINRA”) reports troubling allegations against Raymond James and Merrill Lynch securities broker Debra Lambert (CRD#: 2238553, The Villages, Florida). Notably, at least 1 Raymond James client and 2 Merrill Lynch clients filed disputes contesting Lambert’s sales practices. Here’s a summary of the allegations that clients voiced against her:

Raymond James Client Files FINRA Arbitration Suggesting Debra Lambert Churned Account

Raymond James reported that on September 13, 2018, a client of the firm brought FINRA Arbitration #: 18-03198. Apparently, from June 2014 to September 2017, Debra Lambert breached a fiduciary responsibility to the client and dishonored an investment agreement. Allegedly, Lambert unreasonably sold the client fixed products including municipal debt instruments. The client also claimed that Lambert misrepresented and omitted key facts about investments. Finally, Lambert allegedly churned the client’s account, trading primarily to generate commissions or fees. Because of this, the client alleged $135,000 in damages. However, this mater closed without resolution on April 1, 2019.

Merrill Lynch Client’s FINRA Arbitration Claim Suggests Lambert Excessively Traded

Evidently, on September 11, 2018, a client of Merrill Lynch filed a FINRA Arbitration. The client contended that Debra Lambert made excessive mutual funds trades from 2007 to 2014. Lambert allegedly gave this client bad advice about mutual funds. Also, the client suggested that Lambert misrepresented facts about investments she sold. For this reason, the client seeks an unspecified amount of compensatory relief in this pending matter.

Client Of Merrill Lynch Files Dispute Over Debra Lambert’s Allegedly Unsuitable Recommendations

BrokerCheck shows that on March 3, 2016, a Merrill Lynch client filed FINRA Arbitration #: 16-00228. First of all, the client alleged that Debra Lambert made unsuitable recommendations. Supposedly, Lambert unreasonably advised the client on municipal debt instruments and mutual funds. The client also claimed that Lambert traded excessively and without the client’s permission. Evidently, on July 17, 2017, Merrill Lynch opted to pay the client $47,000 to resolve this matter.

Lars Soreide Highest Ethical Standard Award 2018
Lars Soreide Highest Ethical Standard Award 2018

Suffered losses by investing with Debra Lambert? If so, contact Soreide Law Group at (888) 760-6552 and speak with experienced counsel about a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The law firm has recovered millions of dollars for clients who have suffered losses due to misconduct of brokers and brokerage firms.

S H A R E   T H I S   P O S T

Recent Posts

July 8, 2026
J.P. Morgan Securities Sanctioned By FINRA Over Supervision Failures

Soreide Law Group is investigating potential investor claims involving J.P. Morgan Securities LLC (JPMS) after FINRA sanctioned the firm over supervisory failures involving a high-risk, leveraged investment strategy. Investors who suffered losses through this strategy may have legal options and should read below for details about FINRA's action against J.P. Morgan Securities. What Was The […]

July 8, 2026
Christina Benton Tied To Edward Jones Investor Arbitration Claim About Unsuitable Advice

Investors potentially incurred losses because of securities broker Christina Leanne Benton (also known as Christina Leann Benton and Chrissy Benton) [CRD: 7141536, Grass Valley, California], given the publicly available information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Benton worked for Wells Fargo Clearing Services LLC from August 2019 to April 2021. She has been associated […]

July 8, 2026
Michael Giordano Faced Charles Schwab Investor Arbitration Claim About Unsuitable Advice

Investors may have suffered financial harm by securities broker Michael Giordano (also known as Mike Giordano) [CRD: 5352775, Red Bank, New Jersey], based on disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Giordano has been registered with Charles Schwab Co. Inc. since March 30, 2021, and previously worked for Ameriprise Financial Services LLC in Hauppauge, […]

Contact us Nationwide USA
2401 E. Atlantic Blvd., Suite 305, Pompano Beach, FL 33062
Helping clients recover money across the USA
search
Copyright © 2025 Soreide Law Group, PLLC  |  All Rights Reserved