If you have suffered losses with former stockbroker Lawrence “Larry” Labine of Scottsdale, Arizona, call Kons Law Firm today at (860) 920-5181 for a FREE Consultation regarding your investment loss recovery options.
Larry Labine is Barred from the Securities Industry for Selling Unsuitable Investments
In April 2016, Larry Labine was barred by FINRA from selling investments due to his unsuitable sale of high-risk investments. According to his FINRA BrokerCheck report, Larry Labine currently 39 disclosure events, including more than 28 customer complaints and 5 regulatory notices. FINRA alleged among other things that Larry Labine made unsuitable sales of non-traded real estate investment trusts (REITS) and other alternative investments to his customers, who were elderly and/or inexperienced investors. FINRA further alleged that Larry Labine’s recommendations REITS other alternative investments to the customers were unsuitable, given that the investments were illiquid, hard to value, complex and high risk.
According to a recent news report, barred stockbroker Lawrence “Larry” Labine died in a tragic murder-suicide. Even though he has passed away, customers of Larry Labine may be able to bring claims against the brokerage firms he was previously associated with.
Larry Labine Investors May Have Investment Loss Recovery Options
Fortunately for those investors who invested in alternative investments with Larry Labine, they may be able to recover their investment losses through FINRA arbitration or securities litigation. In the securities industry, when a stockbroker sells investments, the brokerage firms have a regulatory duty to supervise its stockbrokers and the securities transactions they enter into to ensure that the investments recommended by Larry Labine were suitable. If the REITs or other investments recommended by Larry Labine were not suitable, the brokerage firm may be liable to the investor for the losses that they have suffered.
How Can I Recover Money from my investments with Lawrence “Larry” Labine?
If you are an investor that has suffered losses investing with Larry Labine, you may be able to pursue recovery of your losses through FINRA arbitration or securities litigation. Please call Kons Law Firm at (860) 920-5181 for a FREE, NO OBLIGATION consultation to discuss your investment loss recovery options.
Kons Law Firm represents investors throughout the US in securities arbitration and litigation matters. To learn more about the Firm’s securities litigation and FINRA arbitration practice, please visit www.investmentlossattorney.com.