October 2020-Birmingham, AL
According to publicly available records of Joseph Monroe Lawrence, III (CRD#5605961) , a former stockbroker who last worked for Wells Fargo Clearing Services, discloses a regulatory event and a termination from employment.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In December of 2019, FINRA suspended Lawrence from the securities industry for three months and fined him $5,000 and after finding that he executed trades in a customer’s account without first obtaining her authorization.
Lawrence was employed by Wells Fargo from January of 2009 until November of 2018 when he was discharged after an investigation revealed that he placed 17 trades in a customer account to meet what he believed to be systematic withdrawal needs of the client, without the customer consent, including three trades placed after the client was deceased.
Prior to that time Lawrence was with Wells Fargo Advisors from May of 2009 until November 2016.
If you had an account with Joseph Monroe Lawrence, III that suffered losses, you may be entitled to collect damages from his prior employer. Call to discuss your options.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
Florida-561 391 1900