Haselkorn & Thibaut has opened an investigation into Larry Jefferson Tolbert, a Memphis, Tennessee-based financial advisor registered with Integrity Alliance, LLC and Csenge Advisory Group, LLC. If you are an investor concerned about your experiences with Mr. Tolbert or the firms he is affiliated with, understanding the facts, red flags, and your options for recovery is essential. With over 50 years of experience, a 98% success rate, and millions recovered, Haselkorn & Thibaut (investmentfraudlawyers.com) is here to help—no recovery, no fee.
Who is Larry Jefferson Tolbert?
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Larry Jefferson Tolbert (CRD #1054714) is an experienced stockbroker and investment advisor currently registered with Integrity Alliance, LLC and Csenge Advisory Group, LLC in Memphis, TN. He has previously worked with:
- Lion Street Advisors, LLC (2018–2025)
- Lion Street Financial, LLC (2018–2025)
- FSC Securities Corporation (2012–2018)
Mr. Tolbert also has business affiliations with Radian Partners LLC (insurance and financial services), and serves as President of the Tennessee Chapter of the Ferrari Club of America.
Licenses held: Series 7, Series 24, and Series 66
Summary of Public Disclosures and Complaints
As of the latest records from FINRA BrokerCheck, SEC, PACER, and other regulatory databases, the table below provides an overview of public disclosures and complaints involving Larry Jefferson Tolbert:
| Category | Number of Disclosures | Notes |
|---|---|---|
| Customer (Civil) Arbitrations | 0 | No open or settled matters as of the latest data |
| Industry (Internal) Arbitrations | 0 | — |
| FINRA Regulatory Actions | 0 | — |
| SEC Enforcement/Orders | 0 | — |
| Criminal Disclosures | 0 | — |
| Judgments/Liens/Bankruptcies | 0 | — |
| Federal or State Court Suits | 0 | — |
Specific Complaints and Allegations Involving Larry Jefferson Tolbert
While there are currently no disciplinary disclosures or regulatory actions against Mr. Tolbert as of the last BrokerCheck update, there have been multiple customer disputes and arbitrations involving him. Below are the specifics of these complaints:
- Settled: November 2024 (FINRA Case No. 23-03260) – A customer alleged that Mr. Tolbert recommended unsuitable, risky, illiquid, and complex unsecured debt securities. The case settled for $45,000, with Mr. Tolbert personally contributing the full amount.
- Pending: February 2026 (FINRA Case No. 25-02843) – Arbitration alleges unsuitable recommendations of risky, illiquid unsecured debt securities, seeking $113,000 in damages.
- Pending: January 2026 – Similar allegations involving risky, illiquid corporate debt investments. Claimed damages are $85,000.
- Pending: March 2025 (FINRA Case No. 25-00633) – Claims include negligence, unsuitability, breach of fiduciary duty, failure to supervise, and securities law violations, with damages sought totaling $50,000.
Altogether, three pending customer disputes are seeking a total of over $248,000 in damages for allegations tied to investment recommendations made by Mr. Tolbert.
Common Allegations and Red Flags
Investors should be aware of the key issues often at the core of these disputes:
- Unsuitable Recommendations: Alleged recommendations of complex, high-risk, and illiquid debt securities not aligned with clients’ objectives may violate FINRA Rule 2111 (Suitability Rule) and SEC Regulation Best Interest.
- Breach of Fiduciary Duty: Advisors are required to always put clients’ best interests first. Allegations of placing clients in inappropriate investments could be evidence of a breach.
- Misrepresentation & Omission: Customer disputes sometimes involve claims that material facts were not properly disclosed, violating FINRA fair dealing and anti-fraud rules.
- Failure to Supervise: Firms are obligated by FINRA Rules 3110 and 2090 to consistently supervise their financial advisors.
If any of these red flags sound familiar, you should have your investments carefully reviewed.
What Should Investors Do?
If you are a current or former client of Larry Jefferson Tolbert with Integrity Alliance, LLC or Csenge Advisory Group, LLC, and have concerns about your investment recommendations or account performance, you are not alone. There is a formal process for recovering losses when a broker’s recommendations result in unsuitable investments or other misconduct.
Haselkorn & Thibaut can provide a free, confidential case evaluation to help you understand your options. Our team has years of experience handling financial advisor and broker-dealer claims—including those involving Larry Jefferson Tolbert—in FINRA arbitration and other forums, always on a contingency basis. There are no upfront legal fees, and you only pay if compensation is recovered for you.
Contact Haselkorn & Thibaut – Your Trusted Investment Fraud Lawyers
- 50+ years of combined experience
- 98% success rate
- Millions recovered for clients nationwide
- No recovery, no fee
Take action now to protect your rights and your investments. If you lost money working with Larry Jefferson Tolbert or have questions about your account’s handling by Integrity Alliance, LLC or Csenge Advisory Group, LLC, contact Haselkorn & Thibaut today for a free and confidential consultation.
Call 1-888-885-7162 now to speak with an experienced securities attorney. Your peace of mind starts with a conversation.
For more information about disclosure history, you can visit FINRA’s BrokerCheck.
