Haselkorn & Thibaut, P.A., operating as Investment Fraud Lawyers, has formally opened an investigation into Larry Jefferson Tolbert, a financial advisor currently registered with Integrity Alliance, LLC and Csenge Advisory Group, LLC in Memphis, Tennessee. Our attorneys are actively seeking information from investors who may have lost money or suffered financial harm in accounts managed by Mr. Tolbert. If you have questions or concerns about your investments with this broker, we urge you to contact us today for a free, confidential consultation at 1-888-885-7162.
With a 98% success rate across hundreds of investor claims, over 95 years of combined securities law experience, more than $520 million in securities matters, and national recognition, including Top 2% peer-reviewed Martindale-Hubbell AV Preeminent and Super Lawyers designations, our attorneys utilize their rare former Wall Street defense experience and insider knowledge to fight for investor recovery on a No recovery, no fee basis. Every client receives personal, strategic advocacy, and our 5.0-star client reviews reflect the confidence we strive to provide.
Who Is Larry Jefferson Tolbert?
Table of Contents
Larry Jefferson Tolbert (CRD# 1054714) is a long-tenured stockbroker and investment adviser currently associated with Integrity Alliance, LLC and Csenge Advisory Group, LLC, both in Memphis, Tennessee. With decades in the securities industry and licenses including the Series 7, Series 24, and Series 66, he may appear to be a seasoned financial professional. However, several significant red flags and customer complaints have emerged that warrant closer scrutiny by investors and regulators.
Firms Where Mr. Tolbert Has Worked
- Current: Integrity Alliance, LLC; Csenge Advisory Group, LLC
- Prior: Lion Street Advisors, LLC (2018–2025)
- Prior: Lion Street Financial, LLC (2018–2025)
- Prior: FSC Securities Corporation (2012–2018)
Red Flags: Complaints, Claims, Pending Actions, and Settlements
Our firm’s investigation is focused on a pattern of serious allegations reported in recent years. These customer complaints and related filings raise concerns regarding the suitability of certain investment recommendations and the supervision provided by the broker-dealer firms involved.
| Case Status | Date/Case No. | Allegations | Requested Damages/Settlement |
|---|---|---|---|
| Settled | Nov. 2024 (FINRA 23-03260) | Alleged unsuitable recommendations of risky, illiquid, complex unsecured debt securities | Settled for $45,000 (Tolbert reportedly contributed 100%) |
| Pending | Feb. 2026 (FINRA 25-02843) | Unsuitable recommendation of risky, illiquid unsecured debt securities | Seeking $113,000 |
| Pending | Jan. 2026 | Similar allegations involving illiquid corporate debt investments | Seeking $85,000 |
| Pending | Mar. 2025 (FINRA 25-00633) |
|
Seeking $50,000 |
Key Types of Alleged Misconduct
- Unsuitability: Recommendations allegedly failed to align with investors’ objectives, financial circumstances, or risk tolerance.
- Breach of fiduciary duty and best-interest obligations: Allegations that Mr. Tolbert did not act in the best interests of clients and instead placed commissions or other interests ahead of investor needs.
- Misrepresentation and omission: Claims involving misleading statements or material omissions about the nature, liquidity, and risks of recommended investments.
- Failure to supervise: Integrity Alliance, LLC and other employing firms may have failed to reasonably supervise Mr. Tolbert’s recommendations and account activity.
Our attorneys believe these patterns warrant immediate investigation and may support potential recovery for investors who suffered losses tied to recommendations made by Mr. Tolbert while at Integrity Alliance, LLC, Csenge Advisory Group, LLC, or prior brokerage firms.
What To Do If You Suffered Losses With Larry Jefferson Tolbert
If you experienced unusual volatility, unexpected losses, or unsuitable investments in your account, it is important to act promptly. Recovering funds through FINRA arbitration is often one of the most effective options available to harmed investors. As former Wall Street defense attorneys, our team understands how broker-dealer firms evaluate and defend these claims and uses that knowledge to advocate aggressively for recovery.
How To Research and Monitor Your Broker’s Record
We believe in empowering investors through transparency. You can independently review public information and monitor future developments by:
- Visiting FINRA BrokerCheck and searching for “Larry Jefferson Tolbert” or “1054714.” Review customer disputes, regulatory disclosures, employment history, and licensing records.
- Searching the SEC EDGAR database for relevant filings.
- Reviewing SEC enforcement releases for any related proceedings.
- Checking with your state securities regulator for any state-level investigations or disciplinary actions.
- Monitoring court records and reputable news sources for lawsuits, settlements, or additional regulatory developments.
By reviewing these sources regularly, investors can better identify whether additional complaints, settlements, or findings arise concerning Mr. Tolbert or his affiliated firms.
Why Investors Trust Our Firm
- 98% success rate in investor recovery matters
- Hundreds of investor claims handled with decades of securities law experience
- National recognition, including Martindale-Hubbell AV Preeminent and Super Lawyers honors
- Former Wall Street defense experience used to advocate for harmed investors
- No recovery, no fee representation
Mr. Tolbert and his affiliated firms have legal and regulatory duties to make suitable recommendations, disclose material risks, and act in accordance with applicable standards of care. Where those duties may have been violated, our attorneys are prepared to investigate and pursue recovery on behalf of affected investors.
If you have concerns or believe you suffered losses as a result of recommendations made by Larry Jefferson Tolbert while at Integrity Alliance, LLC or Csenge Advisory Group, LLC in Memphis, Tennessee, contact our office now for a free, confidential case review. Call 1-888-885-7162 or visit our website to submit an inquiry.
