Securities Lawyers Blog
Financial advisor complaints, broker complaints, and FINRA customer disputes are public on BrokerCheck, and a broker’s regulatory history is often the first thing an investor checks after an unexpected loss. The investor attorneys at Gana Weinstein LLP help customers of firms such as Lombard Securities Incorporated understand what a financial advisor’s disciplinary history means and whether their own losses support a claim against the broker or the brokerage firm.
Lombard Securities is a fully disclosed broker-dealer that earns commissions on securities, mutual funds and annuities and provides investment advisory and insurance brokerage services through affiliated subsidiaries. Established in Maryland in 1990, the firm is based in Baltimore and operates the subsidiaries Lombard Agency, Lombard Advisers and Lombard Agency of TX.
Lombard Securities Incorporated – By the Numbers:
- CRD #: 27954
- Regulatory Events: 4
- Arbitration Events: 2
- Broker Employees: 55
Lombard Securities Incorporated – In the News:
FINRA v. Lombard Securities Incorporated (Case #2016047661702) – Between December 2015 and March 2016, Lombard executed five municipal securities transactions without having a Municipal Securities Principal at the Firm. Based on the foregoing, Lombard violated MSRB Rules G-2 and G-3. In addition, between January 2014 and March 2016, Lombard failed to establish and maintain a supervisory system and written procedures reasonably designed to supervise municipal securities transactions. Based on the foregoing, Lombard violated MSRB Rule G-27.
FINRA disciplinary actions against a brokerage firm rarely tell the whole story of how customers were affected. If you were a customer of Lombard Securities Incorporated during the periods described above, the FINRA attorneys at Gana Weinstein LLP can determine whether you have a claim. Our consultations are free.