Goodman & Nekvasil P.A., May Recover Investor Losses – Adrian Scot Lauer (Adrian Lauer) Suspended from Securities Industry and Fired by Securities America, Inc.
From 2010 until Adrian Lauer’s firing in 2014, Adrian Lauer was licensed with Securities America, Inc. According to FINRA’s records, Adrian Lauer was fired by Securities America, Inc. on March 3, 2014. Ameriprise Financial Services, Inc. reported to FINRA that Adrian Lauer was accused of failing to respond to supervisory requests.
Subsequent to Adrian Lauer’s firing by Securities America, Inc. FINRA investigated Adrian Lauer and brought a disciplinary action against Adrian Lauer. Adrian Lauer was fined $5,000 and suspended for 60 days from the securities and investment banking industry on July 8, 2015. FINRA reports that Adrian Lauer consented to the sanctions and to the entry of findings that Adrian Lauer was involved with two outside business activities, a 401K advisory business and a college alumni club, that Adrian Lauer did not properly disclose on Adrian Lauer’s Form U4 or to Adrian Lauer’s firm. The findings stated that specifically, Adrian Lauer participated in the 401K advisory business before providing written notice and before receiving approval through Adrian Lauer’s firm. FINRA reports that Adrian Lauer later sought approval from the Firm for Adrian Lauer’s role in this outside business activity, which the Firm expressly denied. FINRA reports that after the notice of disapproval from the Firm, Adrian Lauer continued to perform some activities for the 401K advisory business. Also, FINRA reports that Adrian Lauer was on the Board of Directors and worked as a webmaster for the College Alumni Club. FINRA reports that after Adrian Lauer had been active with that outside business activity he sought approval from Adrian Lauer’s firm and was informed of certain steps that Adrian Lauer needed to take for the firm to grant Adrian Lauer approval to continue with that outside business activity. According to FINRA, Adrian Lauer never performed the required steps necessary to receive approval from the Firm but continued Adrian Lauer’s activities for the Alumni Club.
If you lost any money on investments with Adrian Lauer, you may be able to recover your losses from Securities America, Inc. This is because Securities America, Inc. had a duty to supervise Adrian Lauer.
If you lost money on investments with Adrian Lauer and believe that 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 against Securities America, Inc. concerning Adrian Lauer’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 $170 million on behalf of victimized investors. If you lost money on investments with Adrian Lauer 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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