Larry Tolbert Faced Lion Street Financial Investor Dispute About Breach Of Fiduciary Duty

Investors potentially experienced sales practice violations by securities broker Larry Jefferson Tolbert [CRD: 1054714, Memphis, Tennessee], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Larry Tolbert has worked with Integrity Alliance LLC since November 3, 2025, and he has also been registered as a financial advisor with Csenge Advisory Group LLC since September 28, 2016; previously, he was registered with Lion Street Advisors LLC from July 31, 2018, to November 3, 2025, and with Lion Street Financial LLC from July 27, 2018, to November 3, 2025. Keep reading to discover more about Tolbert’s disclosures and what they may mean for investors.

Lion Street Financial Investor Accused Tolbert Of Unsuitable Recommendations, Negligence

Evidently, on March 27, 2025, a Lion Street Financial client filed FINRA Arbitration No. 25-00633 about Larry Tolbert. Primarily, the client alleged that Tolbert was negligent, breached his fiduciary duty, and made unsuitable recommendations, among other allegations, including breach of contract and negligent supervision. Because of this, the client allegedly incurred damages relating to corporate bonds. Therefore, the client requested $50,000 in compensation from Lion Street Financial or Tolbert. It appears that this arbitration is pending a resolution.

Larry Tolbert Disclosed Complaint By Lion Street Financial Client

Notably, a client of Lion Street Financial disputed Larry Tolbert’s sales practices by filing FINRA Arbitration No. 23-03260. Allegedly, Tolbert was involved in the recommendation, on or about December 9, 2021, of an alternative investment. It appears that Tolbert caused the client to sustain damages linked to that alternative investment. As a result, Lion Street Financial opted to settle the matter on November 15, 2024, by compensating the client in the amount of $45,000.

Lion Street Financial Investor Accused Tolbert Of Sales Practice Violation

Additionally, on June 23, 2023, a Lion Street Financial client filed a complaint about Larry Tolbert. Mainly, the client alleged that Tolbert engaged in misconduct in connection with a recommendation, in or about August 2020, of an alternative investment. For this reason, the client allegedly sustained damages. Consequently, the client requested $150,000 in compensation from Lion Street Financial or Tolbert. Specifically, the matter was withdrawn on February 13, 2024. The client withdrew this claim.

Did You Experience Losses Because Of Larry Tolbert?

Do you have concerns or questions regarding investments you made with Larry Tolbert? You can contact Soreide Law Group at (888) 760-6552 or online and consult with a securities lawyer concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for clients located throughout the United States. Also, the firm works on a contingency fee basis and advances all costs. Tolbert and the brokerage firms Tolbert worked for deny allegations of sales practice violations.