According to BrokerCheck records kept by the Financial Industry Regulatory Authority (FINRA), broker Brent Van Lott (Lott) is being investigated for allegedly violating FINRA rules. Lott has also been subject to three customer disputes.
In January 2016, a customer alleged Lott initiated trades without the customer’s written consent. This dispute was settled for $50,000.
In March 2014, a customer alleged that a third party, acting in concert with Lott, forged the customer’s signature on contracts to acquire insurance policies. This dispute is pending.
In another pending dispute from December 2013, a customer alleged that he never met Lott who was listed as the selling agent for his contracts. The customer also alleged that Lott may be aware that the signatures on the contract delivery receipts are not those of the customer.
In October 2014, Lott was terminated from LPL Financial LLC for allegedly submitting equity indexed annuity applications without meeting or discussing them with clients as well as allegedly violating the firm’s document signature policy.