Lance R. Armstrong Investigation
December 2021 – Lafayette, NJ
The FINRA records of Lance Roman Armstrong , a former stockbroker who was last employed by Raymond James Financial Services, Inc. , disclose regulatory events resulting in his bar from the securities industry 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 9/2020 New Jersey securities regulators revoked Armstrongs license in that state. The New Jersey Bureau of Securities made the following statement: “Armstrong failed to request prior approval from Raymond James to raise money for a company from clients. By borrowing money from clients, Armstrong engaged in dishonest and unethical practices in the securities business.”
In November 2019, FINRA permanently barred Armstrong as a result of his member firm filing a Form U5, disclosing that it had discharged hi after he solicited and accepted multiple loans from customers in connection with an undisclosed business activity.
Armstrong worked for Raymond James Financial Services from April 2007 until February 2019 when he was discharged by them as a result of allegations that “he solicited and accepted multiple loans from customers in connection with an undisclosed outside business activity.”
Armstrong discloses business affiliations with First Hope Bank of Columbia, NJ and Coopcade Capital an accounting firm in Lafayette, NJ.
If you have questions about an account handled by Lance Roman Armstrong, call for a no charge consultation with an experienced securities attorney .
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