Richard Lawrence Allegedly Recommended an Unsuitable Investment 

Richard Lawrence (CRD #: 6860750), a broker registered with Morgan Stanley, was involved in a recent dispute, according to his BrokerCheck record, accessed on September 2, 2022. Keep reading to learn more about his conduct as a broker.

Investor Dispute

On June 21, 2022, an investor alleged that Richard Lawrence purchased stocks in her accounts from 2021-2022 that were unsuitable. This dispute was denied by the firm.

Investors should be aware, however, that firms can deny disputes without an outside review. Investors may still be able to recoup their losses by seeking out FINRA arbitration after a denial.

FINRA Rule 2111 

FINRA Rule 2111 requires brokers to tailor their investment recommendations to fit their clients’ profiles. Investors’ profiles describe their tax status, risk tolerance, and other information.

FINRA Rule 2010

FINRA Rule 2010 requires brokers to uphold high standards of commercial honor and just and equitable principles of trade.

Background Information

Richard Lawrence has passed the following exams:

• Series 66 – Uniform Combined State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination

Richard Lawrence is a registered broker in 30 states and the District of Columbia. He is also a registered investment adviser in Mississippi and Texas.

Kurta Law Can Help

If you worked with Richard Lawrence 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.