Lawrence Teichman is the Subject of a REIT Dispute

Lawrence Teichman (CRD #: 2759058), a previously registered broker with Ameriprise Financial Services, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on May 10, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On April 19, 2024, investors alleged that Lawrence Teichman made an unsuitable recommendation to purchase and hold a REIT. The investor is seeking $110,000. 

What Are REITs?

Real estate investment trusts (REITs) allow investors to generate returns from a portfolio of real estate without being directly involved in property management. However, REITs tend to be illiquid, which makes them unsuitable for many investors. 

FINRA Rule 2111 – Unsuitable, Illiquid Investments

FINRA Rule 2111 defines suitable investments as securities that fit an investor’s profile. Investor profiles have information on the investor’s age, risk tolerance, tax status, investing experience, and financial goals. Brokers must also consider the investment time horizon and the investor’s liquidity needs – illiquid, long-term investments often do not suit a client’s best interests. 

Background Information 

Lawrence Teichman has passed the following exams: 

• Series 63 Uniform Securities Agent State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 31 Futures Managed Funds Examination 
• Series 7 General Securities Representative Examination on  
• Series 24 General Securities Representative Examination 

During his 26 years of experience, he has registered with the following firms: 

• Ameriprise Financial Services (CRD #: 6363) 
• LPL Financial (CRD #: 6413) 
• Emissary Financial Group (CRD #: 44568) 
• Money Concepts Capital Corp (CRD #: 12963) 

Kurta Law Can Help 

If you have worked with Lawrence Teichman and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors 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. Do not let securities fraud go unchecked. Start your recovery process today.