Laurence Knowlton Allegedly Engaged in Negligence

Laurence Knowlton (CRD #: 1383052), a broker registered with Rockefeller Financial, is the subject of a dispute. This disclosure appears on his BrokerCheck record, accessed on November 7, 2023. Keep reading if you have questions regarding his alleged conduct. 

On August 8, 2023, an investor alleged Laurence Knowlton engaged in negligence and misrepresented a securities-backed line of credit. The investor further alleges he recommended unsuitable investments. 

What is an Unsuitable Investment?

FINRA Rule 2111 requires brokers to evaluate whether an investment strategy fits their investor’s financial goals. Brokers must examine the investor’s profile, which contains the following investor characteristics:

• Age
• Risk tolerance
• Time horizon (i.e., how long the investor plans to hold the investment)
• Investing experience
• Tax status
• Financial goals

Investors who rely on brokers for recommendations may be able to recover losses from unsuitable investment recommendations by pursuing FINRA arbitration.

Misrepresentation 

FINRA Rule 2020 forbids the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. The misrepresentation or omission of material facts violates this rule.

Background Information 

Laurence Knowlton has passed the following exams: 

• Series 65 Uniform Investment Adviser Law Examination 
• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 3 National Commodity Futures Examination 
• Series 7 General Securities Representative Examination 

He is a registered broker in 34 states and is a registered investment adviser in New Hampshire and Texas. 

Laurence Knowlton has registered with four firms during his 38 years of experience. 

• Rockefeller Financial (CRD #: 291361) 
• UBS Financial Services (CRD #: 8174) 
• Kidder, Peabody & Co. Incorporated (CRD #: 7613) 
• Lehman Brothers (CRD #: 7506) 

Kurta Law Can Help

If you worked with Laurence Knowlton and 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 that 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.