Thomas Jacobs (CRD 4139430) is a Bay City, Michigan broker. FINRA suspended him from association with any member firm in all capacities for two months and assessed a deferred fine of $2,500, according to an AWC issued August 3, 2026.
Investors might have sustained losses due to securities broker John Maurice Lamont (also known as Jack Lamont) [CRD: 847214, Westport, Connecticut], according to information disclosed through Financial Industry Regulatory Authority (FINRA) BrokerCheck. Lamont has worked for David Lerner Associates Inc. since August 15, 1989, and Spirit of America Management Corp since March 28, 2018. See below to discover more about Lamont’s disclosures.
Evidently, on March 30, 2026, a David Lerner Associates client filed FINRA Arbitration No. 26-00707 about John Lamont. Primarily, the client alleged that Lamont made misrepresentations and omissions and made unsuitable recommendations. Because of this, the client allegedly sustained damages linked to an Energy 11 private placement. Consequently, the client requested $100,000 in compensation from David Lerner Associates or Lamont. BrokerCheck shows that this arbitration is awaiting a resolution.
Particularly, a client of David Lerner Associates disputed Lamont’s sales practices, according to a complaint dated November 10, 2025. Allegedly, Lamont made unsuitable recommendations in private placements. It appears that Lamont allegedly caused the client to sustain damages. As a result, the client sought compensation from David Lerner Associates or Lamont in the amount of $50,000 in this matter. The firm denied the complaint on December 8, 2025.
Also, on November 10, 2025, a David Lerner Associates client filed a complaint about John Lamont. Mainly, the client alleged that Lamont made unsuitable recommendations. For this reason, the client allegedly sustained damages linked to an Energy 11 L.P. private placement. Therefore, the client requested $50,000 in compensation from David Lerner Associates or Lamont. The firm denied the complaint on December 8, 2025.
Are you concerned about investments you made through John Lamont? Get in touch with Soreide Law Group online or at (888) 760-6552 and consult with a securities attorney regarding a possible recovery of your investment losses. Soreide Law Group has recovered losses for hundreds of investors throughout the US. Also, our securities lawyers work on a contingency fee arrangement and advance all costs. Lamont and the brokerage firms Lamont worked for deny accusations of sales practice violations.
Thomas Jacobs (CRD 4139430) is a Bay City, Michigan broker. FINRA suspended him from association with any member firm in all capacities for two months and assessed a deferred fine of $2,500, according to an AWC issued August 3, 2026.
Mark Sullivan (CRD 2531982) is a Bethlehem, Pennsylvania broker. FINRA suspended him from association with any member firm in all capacities for three months and assessed a deferred fine of $10,000, according to an AWC issued August 6, 2026.
Moors & Cabot, Inc. (CRD 594) is a brokerage firm based in Boston, Massachusetts. FINRA censured and fined the firm $125,000 after finding it failed to develop and implement an anti-money laundering compliance program reasonably expected to detect and report suspicious transactions, according to an AWC issued August 24, 2026.
Phone:
Fax: 1-954-760-6553
Email: [email protected]