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Charlie Lawson Allegedly Executed Unauthorized Mutual Fund Purchase

Charlie Lawson (CRD #: 5452641), a broker registered with UBS Financial Services, allegedly executed an unauthorized purchase, according to his BrokerCheck record, accessed on January 18, 2023. Read on to learn more about his alleged conduct as a broker.

Investor Dispute

On December 7, 2022, several investors filed a dispute alleging that Charlie Lawson executed an unauthorized purchase of a mutual fund and incorrectly claimed that it would act as a hedge for general equity market exposure. The client seeks $286,779 in this pending dispute.

FINRA Rule 3260

FINRA Rule 3260 requires brokers to receive written authorization from their clients before engaging in discretionary trading. Discretionary accounts must be approved by both the firm and the client must approve an account before this trading can begin.

Background Information

Charlie Lawson has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

Charlie Lawson is a registered broker in 19 states and a registered investment adviser in California, Idaho, and Texas.

He previously worked for Edward Jones (CRD#:250).

Kurta Law Can Help

If you worked with Charlie Lawson and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. 

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