Soreide Law Group is examining potential claims for individuals who encountered financial setbacks due to the actions of securities broker Peter Lawrence [CRD#: 2695687, Hauppauge, New York]. Lawrence was employed with American Portfolios Financial Services Inc. in Hauppauge, NY from January 8, 2019, to November 21, 2023, after his employment with Questar Capital Corporation in the same city, from December 1, 2006, to January 11, 2019. Here’s a closer view of the disclosures tied to Lawrence's activities.
On November 7, 2023, a client of American Portfolios Financial Services Inc. lodged a complaint concerning Peter Lawrence. The client accused Lawrence of leaving out data on a disclosure document for a variable annuities purchase in 2023. Consequently, the investor claimed to have incurred losses related to a variable annuities, demanding $12,347.85 from either American Portfolios Financial Services Inc. or Lawrence.
Peter Lawrence Out As APFS Securities Broker Over Discrepancies In Reports
American Portfolios Financial Services Inc. terminated its association with Peter Lawrence on October 27, 2023. Lawrence allegedly furnished a client with unofficial reporting documents, marked by inaccuracies.
Claims Of Misrepresentation By American Portfolios Financial Services Inc. Investor
A client of American Portfolios Financial Services Inc. challenged Peter Lawrence’s sales tactics, according to a complaint filed on October 27, 2023. Lawrence is accused of misrepresenting variable annuities in 2022. This purportedly led the investor to bear losses, prompting a request for a $5,000 compensation from either American Portfolios Financial Services Inc. or Lawrence.
Questar Capital Corporation Investor Alleged Misrepresentation By Peter Lawrence
Evidently, on September 27, 2023, a Questar Capital Corporation investor brought forward a written complaint concerning Peter Lawrence. The investor contended that Lawrence distorted facts regarding a variable annuity purchase in 2015, resulting in losses. Nevertheless, this complaint was dismissed on November 17, 2023. The investor had initially sought $80,000 from either Questar Capital Corporation or Lawrence.
Breach Of Fiduciary Duty Accusations Against Lawrence By American Portfolios Financial Services Inc. Client
Also, a client of American Portfolios Financial Services Inc. disputed Peter Lawrence’s sales methodologies, bringing FINRA Arbitration No. 23-02596 on September 25, 2023. Lawrence is accused of selling unsuitable products, specifically fixed annuities and variable annuities. The investor also claims that Lawrence breached a fiduciary duty. It's claimed that Lawrence's actions resulted in the investor incurring losses of $100,000 to $500,000. Therefore, the client seeks compensation from American Portfolios Financial Services Inc. or Lawrence.
Have You Incurred Losses Through Peter Lawrence?
If Peter Lawrence's actions have led to your financial loss, consider reaching out to Soreide Law Group. Contact us online or at (888) 760-6552 to explore the possibility of reclaiming your investment losses. Leveraging a history of securing recoveries for investors nationwide, Soreide Law Group operates on a contingency fee basis, advancing all costs. Lawrence and American Portfolios Financial Services Inc. deny any accusations of sales practice violations.
