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Advisor MARC LIPPMAN Barred from Securities Industry
WASHINGTON, D.C. — Have you lost money with financial advisor Marc Lippman, formerly of Folger Nolan Fleming Douglas in Washington, D.C.? We are looking into allegations made against Marc Lippman by FINRA, the Financial Industry Regulatory Authority. FINRA barred Lippman from the securities industry.
It was alleged that Lippman made transactions in a customer’s account, knowing that the customer had died. FINRA also alleged that Lippman initially lied during FINRA’s investigation, representing that he was unaware that the customer had died.
Marc Lippman was a registered representative of Folger Nolan Fleming Douglas from December 2009 to January 2021. He has worked at branch offices in Washington, D.C. Lippman has also been the subject of two customer complaints.
Brokerage firms like Folger Nolan Fleming Douglas 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; Seattle, Washington; Phoenix, Arizona; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in the Washington, D.C. area. Our attorneys have represented over one thousand investors against many brokerage firms in the past.
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