Corbin Lambert Barred by the SEC 

SEC Bars Broker Corbin Lambert over Cherry-picking Scheme 

According to The Securities and Exchange Commission on September 20, 2022, the agency reportedly barred Corbin L. Lambert from association with a broker, dealer, investment adviser, municipal securities dealer, municipal advisor, transfer agent or NRSRO. On January 24, 2022, a final judgment was reportedly entered against Lambert, permanently enjoining him from future violations. The SEC alleged that Lambert perpetrated a “cherry-picking” scheme from at least January 2017 through March 2018, during which time Lambert allegedly disproportionately allocated unprofitable options trades to many of his clients, and disproportionally allocated profitable options trades to his own account.  

The complaint also alleges that Lambert made material misrepresentations to his clients in Continuum’s Forms ADV, stating that in placing certain types of trades, Continuum would ensure fairness, would not engage in trading that operated to disadvantage clients, and would employ documentation and review protocols to prevent conflicts of interest. 

According to this FINRA BrokerCheck report, Lambert was registered as an investment adviser and as a broker with the following firms during his career, among others:

B,10/01/2015 – 12/07/2020, SECURITIES AMERICA, INC. (CRD#:10205), OMAHA, NE,  

B, 05/07/2007 – 06/08/2015, MML INVESTORS SERVICES, LLC (CRD#:10409), OMAHA, NE 

IA, 06/08/2015 – 12/21/2020, CONTINUUM FINANCIAL (CRD#:175297), OMAHA, NE,  

IA, 05/29/2007 – 06/08/2015, MML INVESTORS SERVICES, LLC (CRD#:10409), OMAHA, NE

Potential Lawsuits to Recover Investment Losses    

The White Law Group is investigating potential securities fraud claims regarding the liability that Corbin Lambert’s employers may have for failure to properly supervise him.      

When brokers violate securities laws, such as making unauthorized transactions or unsuitable investments, the brokerage firm they are working with may be liable for investment losses through FINRA Arbitration. Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.      

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Seattle, Washington.      

We represent investors in FINRA arbitration claims in all 50 states including Nebraska. Our attorneys have recovered millions of dollars from many brokerage firms in the past.      

If you are concerned about your investments with Corbin Lambert and Continuum Financial, please call the securities fraud attorneys at The White Law Group at 888-637-5510 for a free consultation.       

For more information on The White Law Group, and its representation of investors, please visit whitesecuritieslaw.com.