Donnie Laurence Allegedly Improperly Allocated Client’s Assets
Donnie Laurence (CRD #: 3100139), a broker formerly registered with Raymond James & Associates, is the subject of a pending investor dispute, according to his BrokerCheck record, accessed on March 28, 2023. Read on if you have questions about his alleged conduct as a broker.
Investor Dispute
On January 11, 2023, an investor filed a dispute alleging that Donnie Laurence improperly allocated their assets, resulting in losses. This dispute is currently pending.
FINRA Rule 2111
FINRA Rule 2111 requires brokers to recommend securities that sufficiently suit an investor’s financial goals. Brokers must take into account an investor’s tax status, risk tolerance, age, and other information described in their profile.
Investors who rely on brokers for recommendations may be able to recover their losses by seeking out FINRA arbitration.
Termination from Raymond James & Associates
On August 21, 2019, Donnie Laurence was fired from Raymond James & Associates after allegedly allowing another firm associate to complete his firm-required continuing education courses on his behalf.
FINRA Rule 2010
FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.
Background Information
Donnie Laurence has passed the following exams:
- Series 66 – Uniform Combined State Law Examination
- Series 31 – Futures Managed Funds Examination
- SIE – Securities Industry Essentials Examination
- Series 7 – General Securities Representative Examination
- Series 10 – General Securities Sales Supervisor – General Module Examination
- Series 9 – General Securities Sales Supervisor – Options Module Examination
He previously worked for the following firms:
- Raymond James & Associates (CRD#:705)
- Wells Fargo Clearing Services (CRD#:19616)
- Southwest Securities (CRD#:6220)
- UBS Financial Services (CRD#:8174)
- SWS Financial Services (CRD#:17587)
- Washington Square Securities (CRD#:2882)
Kurta Law Can Help
If you worked with Donnie Laurence 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.