Brad Lawing, Financial Advisor Brad Lawing Suspended from Securities Industry | Goodman & Nekvasil P.A., May Recover Investor Losses
Brad Lawing, Bradley C Lawing CRD #4986486
Brad Lawing was formerly licensed with Cambridge Investment Research, Inc. According to Brad Lawing’s CRD, Brad Lawing was suspended from the securities industry for 5 months and fined $10,000 in November 2017.
According to FINRA, Brad Lawing consented to the sanctions and to the entry of findings that he recommended shares of a business development company to three customers, but two of them did not satisfy the issuer’s suitability standards and the third customer’s investment resulted in overconcentration. The findings stated that Brad Lawing did not use reasonable diligence to ascertain those customers’ financial situation, risk tolerance, and other factors affecting the investment’s suitability. In one case, he recommended the shares by mail, without speaking with the customer, and in the other cases he did not collect enough information about the customer’s investment profile to show that the security or the concentration was suitable. The findings also stated that Brad Lawing began working with a group of customers whose previous registered representative was statutorily disqualified from participating in the brokerage industry. Because of the previous registered representative’s statutorily disqualified status, Brad Lawing’s member firm prohibited him from sharing nonpublic information (NPI) about the representative’s former customers with her. However, Brad Lawing disclosed NPI about ten of the previous registered representative’s former customers, including information about their account balances or investment strategies, to her. The findings also included that Lawing sent more than one hundred text messages about his securities business to the previous registered representative that was statutorily disqualified, without seeking or receiving his firm’s prior written approval, which the firm generally prohibited. By doing so, Brad Lawing prevented the firm from supervising those communications, creating a risk of harm to customers.
If you lost money on investments with Brad Lawing and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning Brad Lawing’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you lost money on investments with Brad Lawing and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
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