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FINRA Complaint Filed Against Lawrence for Unapproved Loan from Customer

(FINRA Case #2016051945101)

Thomas H. Lawrence III (CRD #1839619, Chapel Hill, Tennessee) – Lawrence was named a respondent in a FINRA complaint alleging that he borrowed more than $39,000 from one of his securities customers, a retiree who was approximately 96 years old.

The findings stated that Lawrence promised to repay the loan in a year, but he never repaid any part of it.

Lawrence failed to notify his member firm about the loan before obtaining it, and the firm never approved his loan from the customer. The firm prohibited borrowing from such customers, which Lawrence repeatedly acknowledged.

Lawrence worked for Ameritas Investment Corp. for 10 years, from 2006 to 2016.

If you feel you have been misled or taken advantage by Thomas Lawrence or any Broker and wish to discuss legal action, please contact Darren Blum at 1-877-786-2552 (1-877-STOCK LAW), for a free consultation.

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