Investor Alleges William Lawes Violated Reg-BI

William Lawes (CRD #: 6170991), a broker registered with UBS Financial Services, allegedly violated Regulation Best Interest, according to his BrokerCheck record, accessed on January 11, 2025. Read on if you have questions about his alleged conduct as a broker.

Investor Dispute

On December 2, 2024, an investor filed a dispute alleging that William Lawes recommended an investment strategy in 2023 that was not in the client’s best interest. This dispute is currently pending.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to tailor their investment recommendations to suit investors’ profiles, which describe characteristics such as their tax status, risk tolerance, and financial goals.

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

Regulation Best Interest

Regulation Best Interest is an SEC regulation that requires brokerage firms to put their clients’ best interests first. It expands on the suitability requirements of FINRA Rule 2111 by requiring brokerage firms to disclose their conflicts of interest and research the market for investments that could offer similar benefits at a lower cost prior to making a recommendation. 

Background Information

William Lawes has passed the following exams:

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

William Lawes is a registered broker in 30 states and the District of Columbia. He is also a registered investment adviser in Texas.

He has also worked for Morgan Stanley (CRD#:149777).

Kurta Law Can Help

If you worked with William Lawes 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 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.