Lance Walston Named in Dispute Involving Options Trading

Lance Walston (CRD #: 4440958), a broker registered with Dominion Investor Services, was recently the subject of an investor dispute, according to his BrokerCheck record, accessed on November 19, 2022. Keep reading to learn more about his alleged conduct as a broker.

Investor Disputes

On August 16, 2022, an investor named Lance Walston in allegations involving options and frequent stock trading. This dispute was settled for $73,000.

A dispute filed on March 12, 2021, alleged Lance Walston was responsible for losses in a client’s accounts from September to December 2018. The dispute was settled for $150,000.

On March 4, 2020, an investor filed a dispute alleging that Lance Walston failed to follow the client’s objectives from September 2018 to October 2019, resulting in losses in their accounts. This dispute was settled for $188,000.

On November 14, 2019, an investor alleged that Lance Walston failed to follow the client’s stated objectives in the fall of 2018. This dispute was settled for $82,190.82.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to take into account investors’ financial goals when recommending investments. Brokers must examine the information contained in an investor’s profile, such as their tax status, risk tolerance, and overall financial situation.

Investors who believe their losses are the result of unsuitable investment recommendations may be able to recover their funds by pursuing FINRA arbitration.

Background Information

Lance Walston has passed the following exams:

• Series 66 – Uniform Combined State Law Examination
• Series 63 – Uniform Securities Agent State Law 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

Lance Walston is a registered broker in Texas.

He has also worked for the following firms:

• Dominion Portfolio Management (CRD#:106918)
• LPL Financial (CRD#:6413)
• Raymond James Financial Services Advisors (CRD#:149018)
• Raymond James Financial Services (CRD#:6694)
• Edward Jones (CRD#:250)

Kurta Law Can Help

If you worked with Lance Walston 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.