Soreide Law Group is currently investigating potential claims on behalf of investors who may have sustained losses through the actions of securities broker Stephen Curtis Lawler Jr. (CRD: 1193477, Peoria, Illinois). Lawler has been registered with Cetera Advisors LLC since September 8, 2022, and with Cetera Financial advisors LLC since November 12, 2020. Notably, he was also affiliated with First Allied Securities, Inc. from March 30, 2015, to September 8, 2022, and with Lawler Financial Advisory Corporation from November 16, 1997, to December 31, 2021. Particularly, Lawler faces various allegations of recommending unsuitable investment products, among other claims. Evidently, some of these cases are still pending arbitration.
Investacorp, Inc. Investor Accused Lawler Of Unsuitable Product Recommendations
Specifically, on July 7, 2023, an Investacorp, Inc. client filed FINRA Arbitration: 23-01920 concerning Stephen Lawler. Specifically, the client alleged that Lawler recommended unsuitable alternative products and failed to provide complete disclosures. This incident supposedly led to damages on DPPs and LPs and real estate securities. Evidently, this arbitration is still pending a resolution.
Stephen Lawler Disclosed Unsuitability Allegations By First Allied Securities, Inc. Client
Particularly, a client of First Allied Securities, Inc. filed FINRA Arbitration: 21-00021 on December 14, 2021. The client alleged that Lawler recommended unsuitable investments and that there was a failure to supervise on the part of First Allied Securities, Inc. Moreover, the client reportedly sustained damages on other REITs amounting to $100,000.01. It appears that this arbitration is still pending.
Investacorp, Inc. Investor Accused Lawler Of Breach Of Fiduciary Duty
Namely, a client of Investacorp, Inc. filed FINRA Arbitration: 21-01576 about Stephen Lawler on June 22, 2021. The client alleged unsuitability of alternative investments and breach of fiduciary duty. Supposedly, these actions resulted in the client incurring damages on real estate securities. On May 3, 2023, Investacorp settled the matter by compensating the client $425,000.
Stephen Lawler Disclosed Allegations By First Allied Securities, Inc. Client
Also, a First Allied Securities, Inc. client contested Stephen Lawler’s investment advice through FINRA Arbitration: 21-00021, filed on January 28, 2021. Allegedly, Lawler recommended unsuitable REITs. While no specific damages were stated, the claim was dismissed on January 6, 2022, without any settlement or contribution from either Lawler or First Allied Securities, Inc.
Concerned About Losses With Lawler?
Did you experience losses because of Stephen Lawler? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a potential recovery. Soreide Law Group has recovered money for investors throughout the United States, works on a contingency fee basis, and advances all costs. Lawler and the brokerage firms he has worked for deny accusations of sales practice violations.
