October 2020- Shreveport, LA
According to publicly available records, Lynn Dale Cawthorne, a former broker who last worked for Cambridge Investment Research has been charged in the U.S. District Court for the Western District of Louisiana with conspiracy to commit wire fraud, a felony. Link to US Atty Office press release.
FINRA suspended Cawthorne’s license to sell securities in 1/2020. In 8/2020 FINRA filed a complaint alleging that Cawthorne failed to comply with requests for information in connection with an investigation into his failure to disclose multiple felony charges. In addition to the wire fraud charges it is alleged that Cawthorne misappropriated $536,000 from a government program that provided meals to children in low income areas.
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 9/2018 Cawthorne was discharged by Cambridge Investment Research where he had been employed since 4/2013. Cawthorne discloses affiliations with Advocare, Goodwill Industries, Christian Services and Cawthorne Financial Group, all located in Shreveport.
If you have losses in an account handled by Lynn Cawthorne, call to learn how you may be able to recover damages through FINRA arbitration.
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.
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