Peter Lawrence, American Portfolios Financial | Investor Lawsuits, Multiple Complaints

Peter Lawrence Lawsuits and American Portfolios Financial Services Complaints: What Investors Should Know

Investors researching Peter Lawrence lawsuits or American Portfolios Financial Services complaints may find a significant regulatory and customer dispute history associated with Peter Thomas Lawrence.

According to publicly available regulatory records, Lawrence was previously registered as both a broker and an investment adviser and has approximately 27 years of industry experience. However, his record reflects numerous disclosures, including 17 customer disputes, 2 employment separations, settlements, regulatory actions, and a recent FINRA investigation.

Employment History, Including American Portfolios Financial Services

Peter Lawrence (CRD# 2695687) was registered with several broker-dealers over the course of his career, including:

• American Portfolios Financial Services, Inc. (2019–2023)

• Questar Capital Corporation (2006–2019)

• USAllianz Securities, Inc. (2005–2006)

• Pruco Securities, LLC (2000–2005)

He is no longer registered with FINRA and currently holds no active state licenses or FINRA registrations.

American Portfolios Financial Services, Inc. (APFS) was acquired by Osaic Holdings, Inc. in June 2022 and officially merged into Osaic Wealth, Inc. on October 14, 2024. As part of Osaic’s broader strategy to rebrand its subsidiaries, APFS operates under the Osaic brand, though the transition was designed to not require new account numbers or changes to client custodians.

FINRA Investigation and Suspension

Lawrence has been the subject of regulatory action by Financial Industry Regulatory Authority (FINRA).

January 20, 2026 – FINRA Investigation

FINRA initiated Case #20230799055 and made a preliminary determination to recommend disciplinary action, alleging that Lawrence:

• Failed to respond to multiple FINRA requests for documents and information in June and July 2025

• Failed to appear for on-the-record testimony in September 2025

• Violated FINRA Rules 8210 and 2010

Rule 8210 authorizes FINRA to require testimony and documents during investigations. Failure to respond can result in suspension or a permanent bar.

October 3, 2024 – FINRA Suspension

FINRA previously suspended Lawrence in all capacities after he allegedly failed to respond to requests for information. The suspension began October 28, 2024. FINRA indicated that failure to cure the suspension could result in an automatic bar. The suspension was later lifted in January 2025.

Regulatory suspensions and investigations are often key factors in Peter Lawrence lawsuits and arbitration claims.

Customer Complaints and Lawsuits Against Peter Lawrence

Peter Lawrence’s disclosure record reflects numerous customer disputes, many involving allegations of:

• Forged client signatures

• Unauthorized trades and transfers

• Misrepresentation of variable annuities

• Unsuitable investment recommendations

• Forged suitability documents

2024 Forgery and Unauthorized Trading Allegations

Several complaints filed in 2023 and 2024 allege that Lawrence forged client signatures on:

• Variable annuity applications

• Suitability documents

• Trade authorizations

Notable outcomes include:

• $70,000 settlement involving allegations of forged signatures and unauthorized trades (May 2024)

• $24,500 settlement involving alleged misrepresentation and unsuitable variable annuity sales

• $23,454.50 settlement tied to alleged annuity misrepresentation

• Additional settlements in late 2023 and early 2024

Other complaints were denied or remain pending, including:

• A November 2024 complaint alleging forged suitability documents

• A November 2024 complaint alleging forged signatures to purchase a 2021 variable annuity

The frequency and similarity of allegations—particularly those involving variable annuities—may be significant for investors evaluating potential Peter Lawrence lawsuits or claims through FINRA arbitration.

Prior Employment Separation

Lawrence also has a 2004 employment separation from Pruco Securities. According to the disclosure, the termination involved allegations that a manager signed agents’ names to applications in order to meet production requirements.

While this event occurred years earlier, patterns in disclosure history are often examined in securities arbitration proceedings.

Variable Annuities and Suitability Concerns

Many of the complaints involve variable annuities. These products can be complex, long-term investments that:

• Carry surrender charges

• Include mortality and expense fees

• May be unsuitable for short-term investors

• Can generate significant commissions

When brokers recommend variable annuities without properly assessing suitability—or when documentation is allegedly altered or forged—it can raise serious compliance concerns.

American Portfolios Financial Services Lawsuits and Supervisory Issues

Because Lawrence was registered with American Portfolios Financial Services during a period in which multiple customer disputes were filed, investors may question:

• Whether proper supervision occurred

• Whether red flags were identified

• Whether compliance systems addressed repeated complaints

Broker-dealers have a duty to supervise their registered representatives. In many securities arbitration cases, firms may be named alongside individual brokers in American Portfolios Financial Services lawsuits.

What Investors Can Do

Investors who believe they suffered losses due to:

• Forged signatures

• Unauthorized trades

• Unsuitable annuity recommendations

• Misrepresentations

may have the right to pursue recovery through FINRA arbitration.

Claims are typically filed against the brokerage firm that employed the broker at the time of the alleged misconduct, rather than against the individual broker alone.

Contact The White Law Group

With offices in Seattle and Chicago, The White Law Group represents investors nationwide in securities fraud and FINRA arbitration matters involving:

• Broker misconduct

• Variable annuity misrepresentation

• Unauthorized trading

• Supervision failures

If you have questions about Peter Lawrence, and American Portfolios Financial Services complaints, or potential recovery options, contact The White Law Group for a confidential consultation.

You may be entitled to recover your investment losses through FINRA arbitration.