Joseph Frank Lauzon (CRD #2773510) Has Customer Dispute and Employment Separation Disclosures on FINRA BrokerCheck

Joseph Frank Lauzon (CRD #2773510) was previously registered as a broker. We reviewed his BrokerCheck report on April 15, 2026. It reflects four customer disputes and one employment separation disclosure. If you invested with Joseph Lauzon and have concerns, keep reading.

BrokerCheck link: BrokerCheck

BrokerCheck report: BrokerCheck Report (PDF)

Investor Disputes / Customer Complaints

Joseph Lauzon’s FINRA BrokerCheck Report reflects four customer dispute disclosures. Two examples are below. Two additional customer dispute disclosures are also listed on his BrokerCheck report.

On February 11, 2026, a customer alleged Joseph Lauzon misappropriated funds and made unauthorized disbursements from a client account. The customer sought $250,000 in damages. Joseph Lauzon FINRA BrokerCheck lists the matter as settled on March 10, 2026, for $250,000.

On February 12, 2025, a customer alleged Joseph Lauzon fraudulently transferred funds from an IRA account belonging to the claimant’s father. The customer sought $538,250 in damages. Joseph Lauzon FINRA BrokerCheck lists the matter as denied on April 10, 2025.

Employment Separation

Joseph Lauzon’s FINRA BrokerCheck Report also reflects one employment separation disclosure. A summary of that disclosure is below:

On September 9, 2025, LPL Financial LLC discharged Joseph Lauzon. Joseph Lauzon FINRA BrokerCheck states he was terminated over allegations of misappropriation and unauthorized disbursements from a client account. It also states he used an unapproved messaging application to transmit business-related communications.

Rule Summary #1: FINRA Rule 2150 (Improper Use of Customers’ Securities or Funds)

FINRA Rule 2150 bars improper use of a customer’s securities or funds. When a dispute involves alleged misappropriation or unauthorized disbursements, this rule can become relevant.

Rule Summary #2: FINRA Rule 4511 (General Requirements)

FINRA Rule 4511 requires firms to make and preserve required books and records. That can matter when a disclosure mentions business-related communications sent through an unapproved messaging application.

Why This Matters to Investors (Regulation Best Interest (Reg BI))

Regulation Best Interest (Reg BI) is a U.S. securities regulation. It strengthens the standard of conduct that broker-dealers owe to retail investors. It applies when they recommend securities transactions or investment strategies. The U.S. Securities and Exchange Commission adopted Reg BI. It became effective on June 30, 2020. Reg BI aims to protect investors while preserving access to brokerage products and services.

Reg BI requires broker-dealers and financial advisors to act in a retail customer’s best interest at the time of a recommendation. They must not place their own financial or other interests ahead of the customer’s. This standard is higher than the older “suitability” rule. Suitability meant a recommendation only had to be appropriate. It did not have to be the best option or free of conflicts.

Reg BI has four key obligations:

Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and the recommendation. This includes fees, the scope of services, and conflicts of interest.

Care Obligation – Broker-dealers must use reasonable diligence, care, and skill. They must consider costs, risks, and alternatives when making a recommendation.

Conflict of Interest Obligation – Firms must identify conflicts of interest. They must disclose them and mitigate or eliminate them. This includes conflicts that create incentives to favor one product over another.

Compliance Obligation – Firms must maintain policies and procedures. Those policies should be designed to ensure compliance with Reg BI as a whole.

Reg BI applies to each recommendation. It is not a continuous duty like the fiduciary standard for registered investment advisers. Even so, it narrows the gap. It puts more focus on costs, conflicts, and investor-focused decision-making.

Overall, Regulation Best Interest promotes transparency. It also aims to improve the quality of investment recommendations. It is designed to reinforce trust between retail investors and broker-dealers in the U.S. securities markets.

Background Information (from BrokerCheck)

Based on His FINRA BrokerCheck report, Joseph Frank Lauzon:

Is not currently registered as a broker.

Has passed the Securities Industry Essentials (SIE) exam. Joseph Frank Lauzon has passed Series 7. He has also passed Series 65 and Series 63.

Was previously registered with firms that include LPL Financial LLC, Wachovia Securities, LLC, Prudential Securities Incorporated, and UBS PaineWebber Inc.

Kurta Law Can Help

If you have worked with Joseph Lauzon and you have concerns about his activity, Kurta Law may be able to help you evaluate your legal options. You can read more about potential claims and investor protections in the helpful resources below. To speak with Kurta Law, call 877-600-0098 or email info@kurtalawfirm.com.

Helpful resources: Securities Attorney | Securities Fraud

For nearly 20 years, Kurta Law has advocated for investors and helped hold financial professionals accountable. Our firm represents clients nationwide in securities arbitration and related disputes. If you believe a broker or firm mishandled your account, an attorney can review the facts and explain possible next steps.