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Investor Seeks Six Figures in Lawrence Hardee Dispute

May 3, 2022 Unsuitable Investments

Lawrence Hardee (CRD #: 1701419), a broker registered with Center Street Securities, is involved in a pending investor dispute, according to his BrokerCheck record, accessed on April 22, 2022. Read on if you have questions about Lawrence Hardee’s conduct as a broker.

Allegations of Unsuitable Investment Recommendations

In a pending dispute filed on January 13, 2022, an investor alleges Lawrence Hardee recommended unsuitable, high-risk, and illiquid investments. The investor also alleges Lawrence Hardee failed to perform his due diligence. They seek $430,000 in damages.

FINRA Rule 2111

Brokers must follow FINRA Rule 2111 when making investment recommendations by tailoring their recommendations to investors’ profiles. Investor profiles contain the following investor characteristics:

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

Tax Lien

On August 6, 2021, Lawrence Hardee became the subject of a tax lien for $439,355.75. 

Background Information

Lawrence Hardee has passed the following exams:

  • Series 63 - Uniform Securities Agent State Law Examination
  • SIE - Securities Industry Essentials Examination
  • Series 7 - General Securities Representative Examination
  • Series 6 - Investment Company Products/Variable Contracts Representative Examination

He is a registered broker in 15 states and a registered investment adviser in Tennessee.

In the past, he has also worked for the following firms:

  • Brookstone Capital Management (CRD#:141413)
  • Essex Securities (CRD#:46605)
  • American General Securities (CRD#:13626)
  • First Investors Corporation (CRD#:305)

Kurta Law Can Help

If you worked with Lawrence Hardee 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.