According to publicly available records Laidlaw & Company (UK) Ltd. , a FINRA registered broker dealer discloses 5 prior regulatory events and 2 prior customer arbitrations.
The Financial 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.
The prior regulatory matters include:
- In May 2018 FINRA censured Laidlaw and assessed a fine of $25,000 to resolve allegations that the firm’s supervisory system related to the recommendation of leveraged and inverse traded funds was inadequate.
- In February 2012 FINRA censured Laidlaw and assessed a fine of $65,000 to resolve allegations that the firm’s policies and procedures related to the Bank Secrecy Act were inadequate.
In FINRA arbitration #17-0880 a customer was awarded $297,000 to resolve allegations that Laidlaw failed to properly supervise the management of an account resulting in unsuitable investment recommendations.
Laidlaw & Company
Laidlaw & Company has their main office in London, England, with branch offices in New York City, San Francisco, CA, Boca Raton, FL, Greenwich, CT, Melville, NY and Boston, MA.
According to FINRA records current owners and executive officers are:
- Laidlaw Holdings, Owner
- John Coolong, CCO/CFO
- Matthew Eitner, CEO
- Michael S. Marino, FINOP
- Hugh Regan, Director
- Alex Shtaynberger, National Branch Manager
- Peter Silverman, SEO/ Branch Manager
If you have questions about an investment account at Laidlaw & Company, contact us for a no charge consultation to learn about your legal 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.
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