Securities Lawyers Blog
The attorneys at Gana Weinstein LLP are investigating BrokerCheck records reports that financial advisor Andrew Grant (Grant), currently employed by Laidlaw & Company (UK) Ltd. (Laidlaw & Company) has been subject to at least one regulatory action and a customer complaint during the course of his career. According to records kept by The Financial Industry Regulatory Authority (FINRA), Mr. Grant’s customer complaints alleges that Mr. Grant recommended unsuitable investments, among other allegations of misconduct relating to the handling of their accounts.
In January 2020, FINRA initiated a regulatory action against Mr. Grant. Mr. Grant consented to the sanctions and findings. The findings involved Mr. Grant exercising discretionary trading in customers’ accounts, who did not give written authorization. Mr. Grant faced $5,000 in civil and administrative penalties/fines, along with suspension for 15 business days.
In August 2018, a customer complained that Mr. Grant violated the securities laws by alleging that Mr. Grant engaged in unsuitable investment advice for two years. The claim alleged $125,000 in damages and was closed-no action.