John Alex (CRD: 2020710) settled customer disputes at Morgan Stanley and UBS Financial Services between 2011 and 2025, according to BrokerCheck, which lists him as John L. Alex.
FINRA has barred Michael Ray Lancaster [CRD: 6992330, Lincoln, Nebraska], according to disclosures on FINRA BrokerCheck. Michael Lancaster worked for Edward Jones from October 18, 2018, to February 2, 2024. Keep reading to learn more about Michael Lancaster’s disclosures and how they may relate to investor losses.
Evidently, on October 9, 2024, FINRA issued Case: 2024081173101 sanctioning Michael Lancaster. Notably, FINRA alleged that Lancaster failed to cooperate with an ongoing investigation by refusing to provide documents and written responses when asked.
Lancaster’s registration with the firm ended on February 2, 2024, when Edward Jones filed a termination notice. According to the firm, Lancaster was discharged because of concerns that he had not followed company policy related to handling client complaints.
The issue began when FINRA initiated a review of the termination filing made by Edward Jones. During this review, FINRA sent Lancaster two separate requests—dated April 29 and May 23, 2024—asking for documents and written information relevant to the matter. Lancaster did not respond to either request. FINRA staff later spoke with Lancaster by phone on May 29 and again on August 7, 2024. During both conversations, Lancaster confirmed that he had received the requests and was intentionally choosing not to comply.
Under FINRA rules, individuals subject to its oversight are required to fully cooperate with regulatory inquiries. By not supplying the requested documentation or written responses, Lancaster violated FINRA Rule 8210, which mandates cooperation in regulatory matters. His refusal also amounted to a breach of FINRA Rule 2010, which requires individuals to uphold standards of integrity and ethical business conduct.
As a result of these violations, FINRA imposed a sanction permanently barring Lancaster from any role with a FINRA member firm.
Do you have questions about investing through Michael Lancaster? If so, reach out to Soreide Law Group online or at (888) 760-6552 and speak with a securities lawyer. Soreide Law Group has recovered losses for investors throughout the country, works on a contingency fee basis, and advances all costs. Lancaster and brokerage firms Lancaster worked for deny accusations of sales practice violations.
John Alex (CRD: 2020710) settled customer disputes at Morgan Stanley and UBS Financial Services between 2011 and 2025, according to BrokerCheck, which lists him as John L. Alex.
Sam Bhushan (CRD: 4884717) is named in several pending customer complaints and one settled dispute, according to his BrokerCheck report.
Sterling Louviere (CRD: 2021328), listed on BrokerCheck as Sterling Vaughn Louviere, is named in a pending customer claim over Reg D private placements, with Cabin Securities as the firm named.
Phone:
Fax: 1-954-760-6553
Email: [email protected]