Category Archives: Laidlaw & Company

Andrew “Andy” Grant- Laidlaw & Co. Broker- Discloses Regulatory Event- Melville, NY

October  2020- Red Bank, NJ

According to publicly available records Andrew “Andy” Grant (CRD#2709882), a stockbroker employed with  Laidlaw & Company,  discloses a regulatory event.

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 January of 2020 in case #2018059 FINRA alleges that Grant effected trades in customers’ accounts using discretion without the customers’ prior written authorization and without the firm accepting these accounts as discretionary in writing.     Sanctions were a 15 day suspension from FINRA for all capacities and a $5,000 fine.

Grant has been employed with Laidlaw & Co. since November of 2012.    Before that he was employed by Obsidian Financial Group.

If you had an account with Andrew “Andy” Grant 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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

John M. Marinaccio- Worden Capital Broker-Discloses Terminations-Ramsey, NJ

January 2020 – Ramsey, NJ

The FINRA records of John Michael Marinaccio , who is currently  employed by  Worden Capital Management disclose 2 terminations 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.

Marinaccio worked for Laidlaw & Company from 12/ 2010 until 6/2017 when he voluntarily resigned from  Laidlaw & Company (UK)  as a result of allegations that a Regulation S-P Internal Review initiated based upon the firm learning that it’s former AML Compliance officer misappropriated non-public customer information.   A temporary restraining order completely preventing the use of any of the subject information by the formal AML CO and/or his new employer has been obtained.”

In 12/ 2017 Marinaccio was discharged by First Standard Financial Company where he had worked since 10/ 2017 . First Standard Financial made the following allegation on Marinaccio’s FINRA record :  “Firm received information concerning an alleged  Reg-S-P violation.  The internal review was commenced upon receipt of a letter from RR’s (Marinaccio’s) former employer alleging misuse of Reg S-P information…… Based upon an analysis and advise from counsel, we determined that the allegations were accurate and the IT vendor was instructed to scrub the system and delete the files. The firm terminated the RR after the conclusion of the investigation”  

Marinaccio was employed by Joseph Gunnar & Co.  from 6/ 2017 until 10/ 2017.  

If you have questions about an account  handled by John Marinaccio  call for a no charge consultation .

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.

International Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Abed William Lulu-Former Worden Capital Broker- Discloses 6 Regulatory Event & Customer Suits – Melville, NY

June 2019-Melville, NY

The FINRA records of  Abed William Lulu ,  a  financial advisor previously employed by  Worden Capital Management disclose 6 regulatory events,  3 prior customer disputes, 4 outstanding judgments.

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.

Prior regulatory events for Lulu include:

FINRA case # 2017055568801 filed in 2/2018-Lulu failed to request termination of his previous suspension within the required time frame and was permanently barred from association with any FINRA member in any capacity.

FINRA case 2014040347901 was filed in 1/2016.   Without admitting or deny the findings, Lulu consented to the entry of findings that he failed to disclose that he was the subject of an IRS tax lien and a New York State tax lien.  He also provided false information to his member firm stating that he had no judgments or liens against him.   Lulu received a three month suspension and $5,000 fine.

In 2004,  the Colorado Division of Securities suspended Lulu as sanctions for allegations of unsuitable trading, unauthorized trading, unfair and dishonest dealings, securities fraud and failure to supervise.

In 8/2017,  a Laidlaw and Company (UK) Ltd. customer filed FINRA case #17-02227 alleging unsuitability and excessive trading.   That case settled for $23,000.

Lulu  discloses outstanding 2 currently outstanding Federal & StateTax Liens and 2 civil judgments.

Abed Lulu was registered with Worden Capital Management  from May to August of 2016.  . His prior employment in the financial industry includes Rockwell Global Capital, Rockwell Global Capital, Laidlaw and Company and Global Arena Capital.

If you have losses in an account  handled by Abed William Lulu , contact us for a no charge consultation 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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870