Brad Lawing from Springfield, Missouri Suspended by FINRA
Have you lost money with financial advisor, Brad Lawing from Springfield, Missouri? We are currently investigating allegations made against Brad C. Lawing, who previously worked with Cambridge Investment Research. FINRA (the Financial Industry Regulatory Authority) brought a regulatory action against Mr. Lawing, alleging that he recommended that his customers invest in business development companies (or BCDs).
FINRA alleged that between December 2014 and January 2015, Brad Lawing recommended that three of his clients invest in BDCs, which FINRA considers to be illiquid and relatively risky. FINRA alleged that the recommendation to invest in this business development company was not suitable for those clients. Lawing was also alleged to have shared customer information with a non-registered person. To settle these allegations, Lawing agreed to a five-month suspension from the securities industry, a fine of $10,000, and restitution of $11,754.
Brad Lawing was a registered representative and financial advisor of Cambridge Investment Research from July 2010 to August 2017. Lawing previously worked at branch offices in Springfield, Missouri and Overland Park, Kansas. Lawing has also been the subject of at least 11 customer complaints.
Broker-dealers like Cambridge Investment Research have a responsibility to adequately supervise all representatives who are registered through their firm, including investments sold by their registered representatives. Broker-dealers also must take steps to ensure that their financial advisors follow all securities rules and regulations. When broker-dealers 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; Ann Arbor, Michigan; and the Seattle area. We represent investors in FINRA arbitration in all 50 states, including investors from Missouri and throughout the Kansas City area. Our attorneys have represented over one thousand investors against numerous brokerage firms, including Cambridge Investment Research.
Click to view: Lawing, Brad FINRA AWC
Click to view: Lawing, Brad BrokerCheck 11.10.17
If you lost money with Brad Lawing or Cambridge Investment Research, please CONTACT US at 720-599-3505 for a free evaluation of your case.
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.