Lawrence Greenfield: Suitability Complaint Against LPL, Ex-Arete Rep

Lawrence GreenfieldPublicly available records published by the Financial Industry Regulatory Authority (FINRA) and accessed on March 17, 2019 indicate that California-based LPL Financial broker/adviser Lawrence Greenfield has received a pending customer dispute. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Greenfield (CRD# 4056913).

Lawrence Greenfield has spent 10 years in the securities industry and has been registered with LPL Financial in Woodland Hills, California since July 2018. Previous registrations include Arete Wealth Management in Woodland Hills, California (2013-2018); Assent LLC in Geneva, Illinois (2003-2004; 2006-2007); Andover Brokerage in Montebello, New York (2001-2003); and Investscape in West Bloomfield, Michigan (1999-2000). He has passed five securities industry examinations: Series 66 (Uniform Combined State Law Examination), which he obtained on October 31, 2013; Series 65 (Uniform Investment Adviser Law Examination), which he obtained on November 25, 2003; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on December 27, 1999; SIE (Securities Industry Essentials Examination), which he obtained on October 1, 2018; Series 7 (General Securities Representative Examination), which he obtained on October 2, 2013; and Series 55 (Limited Representative-Equity Trader Exam), which he obtained on August 29, 2001. He is a registered broker and investment adviser with 19 US states and territories: Arizona, California, Colorado, Connecticut, Florida, Illinois, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, North Carolina, Pennsylvania, Utah, Virginia, Washington, Wisconsin, and Wyoming.

According to his BrokerCheck report, he has received one pending customer complaint and two denied customer complaints.

In January 2019 a customer alleged Lawrence Greenfield, while employed at Arete Wealth Management, recommended unsuitable investments in real estate securities. The customer is seeking unspecified damages in the pending complaint.

In 2016 a customer alleged Lawrence Greenfield, while employed at Arete Wealth Management, recommended a transaction that resulted an unwanted taxable event and recommended a security that declined in value. The customer sought $22,000 in damages in the complaint, which was denied.

In 2015 a customer alleged Lawrence Greenfield, while employed at Arete Wealth Management, breached his fiduciary duty. The customer sought $30,000 in damages in the complaint, which was denied.

If you have lost money investing with Lawrence Greenfield, you may be entitled to recoup your losses. Call Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis, which means we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.