American Portfolios Financial Services Fires Advisor Peter Lawrence

HAUPPAUGE, NEW YORK Have you invested with financial advisor Peter Lawrence from Hauppauge, New York? He was fired by American Portfolios Financial Services in October 2023 regarding allegations that he sent unapproved reports to clients that contained inaccuracies. In addition, Peter Lawrence has been the subject of ten customer complaints within the last year, many of which make complaints about variable annuities.

According to FINRA, Mr. Lawrence had held his securities license with American Portfolios Financial Services from January 2019 to October 2023. He was also affiliated with Questar Capital Corp. from 2006 to January 2019 and worked in a Hauppauge, New York office.

Brokerage firms are required to have written supervisory and compliance procedures, under securities rules and regulations. If the firm failed to reasonably supervise its financial advisor, it may be held liable for customer losses.

Our firm has represented numerous investors throughout New York and have dozens of brokerage firms in the past, including against American Portfolios Financial Services.

View BrokerCheck report here.

If you lost money with Peter Lawrence or American Portfolios Financial Services, please Contact Us at 206-795-5798 for a free evaluation of your case.