Lawrence Greenfield, a broker formerly associated with Arete Wealth Management, LLC, is currently facing serious allegations of investment misconduct. With nine customer complaints filed against him between 2015 and 2023, investors are growing increasingly concerned about the potential impact on their portfolios. The complaints, which involve allegations of unsuitable investment recommendations, alternative investment losses, and real estate security losses, have left many wondering how to protect their financial futures.
The Severity of the Allegations and Their Impact on Investors
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The sheer number of complaints against Lawrence Greenfield is alarming, with some still pending and others settled for various amounts of damages. The allegations of unsuitable investment recommendations and losses in alternative investments and real estate securities have raised red flags for investors who trusted Greenfield with their hard-earned money.
These complaints not only jeopardize the financial well-being of the affected investors but also erode the trust that is essential in the client-broker relationship. Investors who have worked with Lawrence Greenfield are now faced with the daunting task of reassessing their portfolios and determining whether they have been negatively impacted by his alleged misconduct.
Understanding FINRA Rules and Broker Misconduct
The Financial Industry Regulatory Authority (FINRA) has established clear rules and guidelines to protect investors from broker misconduct. FINRA Rule 2111 requires brokers to have a reasonable basis for believing that an investment recommendation is suitable for a particular customer, based on the customer’s investment profile.
When brokers fail to adhere to these rules, they not only violate industry regulations but also breach the trust placed in them by their clients. Arete Wealth Management, LLC may be held liable for the investment losses suffered by Lawrence Greenfield‘s customers due to their failure to adequately supervise his activities.
The Importance of Investor Vigilance and Education
The case of Lawrence Greenfield serves as a stark reminder of the importance of investor vigilance and education. It is crucial for investors to thoroughly research their brokers and the investments being recommended to them. By staying informed and asking questions, investors can better protect themselves from potential misconduct and unsuitable investment advice.
Investors should regularly monitor their investments and review their account statements to ensure that their portfolios align with their goals and risk tolerance. If any discrepancies or concerns arise, it is essential to address them promptly with the broker or the brokerage firm.
Protecting Your Rights as an Investor
If you have suffered investment losses due to the alleged misconduct of Lawrence Greenfield or any other broker, it is crucial to understand your rights and options for recovery. Haselkorn & Thibaut, a national investment fraud law firm with offices in Florida, New York, North Carolina, Arizona, and Texas, is currently investigating Lawrence Greenfield and Arete Wealth Management, LLC.
With over 50 years of combined experience and an impressive 98% success rate, Haselkorn & Thibaut has helped countless investors recover their losses through FINRA arbitration. Their team of skilled attorneys works on a contingency basis, meaning there are no fees unless they successfully recover your money.
Red flags that may indicate financial advisor malpractice include:
- Unauthorized trades or excessive trading activity
- Unsuitable investment recommendations
- Misrepresentation or omission of material information
- Failure to disclose conflicts of interest
If you suspect that you have been a victim of investment fraud or misconduct, don’t hesitate to seek help. Contact Haselkorn & Thibaut today at 1-888-885-7162 for a free consultation and let their experienced team fight for the justice and financial recovery you deserve.
