RedFlag, Allegation and/or Complaint against LAWRENCE D HUBBARD
Disclosure #1 for LAWRENCE HUBBARD
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- Event Date: 2/23/1998
- Disclosure Type: Customer Dispute
- Disclosure Resolution: Settled
- Disclosure Detail :: Allegations: PLANTIFF ALLEDGED FRAUD AND MISREPRESENTATION.
- Settlement Amount: $10,000.00
- Arbitration Docket Number:
- Broker Comment: THE PLANTIFFS ALLEGED THAT BETWEEN MARCH AND MAY 1993, DEFENDANT LARRY HUBBARD CONTACTED THE PLAINTIFFS ABOUT PURCHASING INSURANCE AND TELLING THEM THEY SHOULD BOTH HAVE COVERAGE. [CUSTOMER TOLD MR. HUBBARD THAT HE WANTED COVERAGE WHICH WAS GUARANTEED. THE PLAINTIFFS ALLEGED THAT MR. HUBBARD REPRESENTED TO THEM THAT HE HAD A POLICY OF INSURANCE HE COULD SELL WHERE THE COVERAGE AMOUNT AND PREMIUM PAYMENTS WERE GUARANTEED AND LEVEL. THE PLAINTIFFS FURTHER ALLEGED THAT MR. HUBBARD REPRESENTED TO THEM THAT THE CERTIFICATES WOULD BUILD UP SUMS OF MOENY FOR THEIR RETIREMENT AND THEY WOULD ONLY HAVE TO PAY PREMIUMS FOR 20 YEARS.
Should I file a FINRA complaint against brokers like LAWRENCE D HUBBARD?
Many investors (presumably, like yourself) are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who lost money in this fashion may actually be entitled to damages. You may suffer significant losses at the hands of your financial advisors’ misconduct, such as if they misrepresented or failed to disclose the risks associated with a particular investment, recommended frequent trades for the sole purpose of generating commissions, or used high-pressure tactics to make a sale. The rules and regulations of securities laws and FINRA policies are complex, and investment loss claims require an extensive understanding of securities arbitration to achieve the best possible results.
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Originally reported on November 17, 2022 @ 9:46 pm
