Publicly available records published by the Financial Industry Regulatory Authority (FINRA) on July 6, 2017 indicate that former Massachusetts-based Essex Securities broker Lawrence Thomas has been sanctioned by FINRA and barred from acting as a broker or otherwise associating with firms that sell securities to the public. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Thomas (CRD# 1777286).
Lawrence Thomas has spent 26 years in the securities industry and was most recently registered with Essex Securities in North Attleboro, Massachusetts (2014-2015). Previous registrations include Brooklight Place Securities in North Attleboro, Massachusetts; Woodbury Financial Services in North Attleboro, Massachusetts; Royal Alliance Associates in Jersey City, New Jersey; Sun Investment Services Company in Wellesley Hills, Massachusetts; Hornor Townsend & Kent in Horsham, Pennsylvania; and Carillon Investments. He is currently not registered with any state or firm.
According to his BrokerCheck report, Lawrence Thomas has received two FINRA sanctions and was discharged from a former employer.
In June 2017 FINRA sanctioned him after he “consented to the sanction and to the entry of findings that he refused to provide FINRA requested on-the-record testimony in connection with an investigation into his recommendation that his member firm’s customers purchase an unauthorized product.” He was barred from acting as a broker or otherwise associating with firms that sell securities to the public.
In 2016 FINRA sanctioned him following allegations that “on occasions, he directed his assistant to forge the signatures of customers on his member firm’s documents.” FINRA’s findings state further: “Thomas’ assistant did so by copying and pasting authentic client signatures onto new firm documents. The documents included new account forms and applications. The customers affected requested the underlying transactions. The falsifications, however, were undertaken by Thomas without the customers’ knowledge and approval. The firm maintained written procedures prohibiting representatives from affixing non-genuine signatures on documents.” He was issued a 3-month suspension and a fine of $5,000.
In 2015 he was terminated from his position at Essex Securities following allegations that he “admitted during investigation that he knew or should have known that his assistant was altering client signatures” and additionally mis-marked certain transactions as unsolicited.
If you have complaints regarding Lawrence Thomas, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recover your losses. All cases are taken on a contingency basis: we only get paid if and when you collect money. The law sets a limited window to file complaints, so we recommend you avoid delay. Call 877-238-4175 now to speak to an attorney for free.