RALPH H. LORD (CRD# 312708), a stock broker and former investment advisor from Flowood, Mississippi, was fined by the Mississippi Secretary of State for allegedly advising a now-deceased Greenville, Mississippi woman to buy into a risky company.
The investigation revealed that in 2003 - 2004, Lord allegedly sold a 90 year-old woman, $230,000 in debt in Remote Knowledge LLC. Lord then allegedly advised the woman to convert the debt into preferred stock. The State of Mississippi said the investments were unsuitable for an elderly woman, who partially liquidated a $340,000 investment portfolio to make this purchase.
Ralph Lord was fined $10,000 and agreed to training and supervision if he should resume investment advice.
According to FINRA's BrokerCheck, RALPH H. LORD CRD# 312708 was previously registered with the following FINRA firm(s):
SAXONY SECURITIES, INC. (CRD# 115547) - JACKSON, MS
01/2012 - 07/2013
ABSHIER WEBB DONNELLY & BAKER, INC. (CRD# 104051) - HOUSTON, TX
07/2011 - 01/2012
SANDERS MORRIS HARRIS INC. (CRD# 20580) - JACKSON, MS
02/2000 - 06/2011
HARRIS WEBB & GARRISON, INC. (CRD# 28188) - HOUSTON, TX
05/1999 - 02/2000
LEGG MASON WOOD WALKER, INCORPORATED (CRD# 6555) - BALTIMORE, MD
12/1988 - 11/1998
KIDDER, PEABODY & CO. INCORPORATED (CRD# 7613) 05/1978 - 12/1988
KIDDER, PEABODY & CO., INCORPORATED (CRD# 488) 07/1972 - 05/1978
J.C. BRADFORD & CO. (CRD# 1287) 09/1962 - 08/1972
If you or an elderly family member have suffered losses due to your broker/financial advisor's recommendations, call Soreide Law Group for a free consultation on how to potentially recover those losses at 888-760-6552. We represent our clients nationwide before FINRA.
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