Last Updated: December 2023 (San Antonio, Texas)
Lance Walston Investigation Summary
Here’s what you need to know about San Antonio, Texas, stockbroker Lance Walston:
- Name: Mr. Lance Colby Walston
- Current Employer: Not currently registered with FINRA
- DBA: Walston Investment Management
- Previous Firms: Dominion Investor Services, LPL Financial, Raymond James Financial Services
- Function: Stock Broker/ Financial Advisor
- Aliases: Lance Walston
- Primary Location: San Antonio, TX
- CRD 4440958
- Can Lance Walston be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement or Award: $188,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Lance Walston As Your Stockbroker?
Lance Walston is not currently registered as a broker or a registered investment advisor. He discloses 7 prior customer disputes that have been resolved, including the following:
- 2022- A customer of Dominion Portfolio Management is paid $73,000 to resolve allegations that Walston was trading options and trading excessively.
- 2021-Dominion Portfolio Management customer is paid $150,000 to settle a claim alleging that Walston caused losses due to option trading.
- 2020- A customer of Dominion Portfolio Management is paid $188,000 to settle a claim alleging that Lance Walston strayed from the customer’s objectives by trading options.
- 2019- A customer of Dominion Portfolio Management is paid $82,191 to resolve allegations that Walston deviated from the customer’s stated objectives by trading options.
Allegations of Broker Misconduct Against Lance Walston
Customers of Lance Walston have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendations
- Excessive trading
Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer. FINRA Rule 2111- suitability
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.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Lance Walston, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors and broker dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
