Investors Allege Misrepresentation in Disputes with Larry Law
Larry Law (CRD #: 1273118), a broker registered with Great Point Capital and JRL Capital Corporation, is involved in two pending disputes, according to his BrokerCheck record, accessed on May 11, 2023. Investors may have also worked with him through JRL Capital Advisors. Read on to learn more about his alleged conduct as a broker.
On April 14, 2023, multiple investors filed a dispute alleging that Larry Law violated FINRA Rules 2010 and 2020 and NASD Rule IM-2310-2.
The clients made further allegations of fraudulent or negligent misrepresentation or omission of material facts, failure to supervise, breach of contract, and misconduct relating to suitability. This dispute is currently pending.
In a dispute filed on March 20, 2023, several investors named Larry Law in similar allegations of failure to supervise, misrepresentation and omission, negligence, and violation of the suitability rule. These clients seek $400,000 in this pending dispute.
FINRA Rule 2010
FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.
FINRA Rule 2020
FINRA Rule 2020 prohibits the use of manipulation, deception, and other fraudulent tactics to influence the purchase and sale of securities. The misrepresentation or omission of material facts violates this rule.
FINRA Rule 2111
FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. These profiles contain information such as investors’ tax status, risk tolerance, and investment goals.
Investors who rely on their broker for recommendations may be able to recoup their losses through FINRA arbitration.
FINRA Rule 3110
Failure to supervise violates FINRA Rule 3110, which requires that firms establish supervisory systems to detect and prevent violations of securities regulations. Among other things, firms must ensure that supervisory personnel have appropriate training or experience.
What is broker negligence?
Brokers may act in many negligent ways, ranging from omitting material facts to executing unauthorized trades. Investors who feel their losses are the result of broker negligence may be able to recover their funds by pursuing FINRA arbitration.
Larry Law has passed the following exams:
- Series 63 – Uniform Securities Agent State Law Examination
- Series 82TO – Limited Representative-Private Securities Offerings
- Series 99TO – Operations Professional Examination
- SIE – Securities Industry Essentials Examination
- Series 7 – General Securities Representative Examination
- Series 14 – Compliance Officer Examination
- Series 24 – General Securities Principal Examination
Larry Law is a registered broker in 11 states and a registered investment adviser in California.
He has also worked for the following firms:
- Capital Alliance Investments (CRD#:10225)
- First California Capital Markets Group (CRD#:16116)
- Wealth Resource Capital Corporation (CRD#:10367)
- CIS Investment Corporation (CRD#:16503)
- Coast Financial Advisors (CRD#:6249)
- Investacorp (CRD#:7684)
- Turnmar Securities Corporation (CRD#:16387)
Kurta Law Can Help
If you worked with Larry Law and you have concerns about your investments, please contact us today at 877-600-0098 or firstname.lastname@example.org 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.