Lawrence Roberson and Capital City Securities, LLC
Have you lost money with financial advisor Lawrence Roberson of Detroit, Michigan? We are investigating allegations made by FINRA, the Financial Industry Regulatory Authority, against Lawrence or “Larry” R. Roberson. FINRA barred Roberson from the securities industry after he made misrepresentations in connection with the sale of a purported “bond debenture” in 2015.
According to FINRA’s allegations, Larry Roberson sold a supposed bond debenture to a customer for $40,000 during July 2015. FINRA alleged that the bond was not genuine, and that Roberson simply stole the money to pay for personal expenses. The bond was allegedly called “WMG 2015 Bond Debenture”, and his investment advisory firm was called Wealth Management Group, Inc.
Lawrence Roberson was a financial advisor and registered representative of Capital City Securities from January 2009 to January 2016. He worked at a branch office in Detroit, Michigan. Roberson ran a couple of his own businesses, including Wealth Management Group, Inc., a registered investment advisory firm. Roberson was also previously suspended by the State of Michigan in May 2016 for failing to respond to its investigation regarding these allegations.
Brokerage firms like Capital City Securities have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado and the Seattle area. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in Michigan. Attorney Aaron Israels is licensed to practice law in Michigan, he grew up in nearby Holland, Michigan and also lived for many years in the Detroit area. We also currently represent a number of victims who had their money stolen by other Michigan brokers, including Christopher Tolmacs.
Our attorneys have represented over one thousand investors against many brokerage firms in the past, including LPL Financial, Merrill Lynch, Morgan Stanley, Smith Barney, Stifel Nicolaus & Company, UBS Financial Services, Oppenheimer, Charles Schwab, Wells Fargo Advisors, Ameriprise Financial Services, Raymond James, ProEquities, Securities America, National Securities Corp., and many others.
Click to view: Roberson, Lawrence FINRA AWC
Click to view: Roberson, Lawrence BrokerCheck 7.19.16
Click to view: Roberson, Lawrence Michigan Suspension
HAVE YOU LOST MONEY WITH LAWRENCE ROBERSON OR CAPITAL CITY SECURITIES?
CONTACT ISRAELS & NEUMAN, PLC FOR A FREE CASE EVALUATION
Denver Office: (720) 599-3505
Seattle Office: (206) 795-5798
Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.
Video: Lawrence Roberson & Capital City Securities Investigation
Israels & Neuman, PLC
720-599-3505
206-795-5798
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