Investigation of ROBERT LAX of Park Avenue Securities

Israels & Neuman, PLC

PARAMUS, NEW JERSEY – Have you lost money with financial advisor Robert A. Lax, formerly of Park Avenue Securities in Paramus, New Jersey? We are looking into allegations made against Robert Lax. Robert Lax has been barred from the securities industry by FINRA. It was alleged that Lax engaged in outside business activities while he was with brokerage firm Park Avenue Securities.

Robert Lax was a registered representative of Park Avenue Securities from 1999 to May 2021. He has worked at branch offices in Paramus, New Jersey. Lax was affiliated with a number of businesses, including R&L Financial Services, Affordable Storage Solutions, Integrity Properties, and others.

Brokerage firms like Park Avenue 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; Seattle, Washington; Phoenix, Arizona; and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in New Jersey. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Park Avenue Securities.

View BrokerCheck: Lax, Robert BrokerCheck 6.23.21

If you lost money with Robert Lax or Park Avenue Securities, contact the law firm of ISRAELS & NEUMAN at (720) 599-3505 or (206) 795-5798 for a Free evaluation of your case.

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