Larry Labine Broker Investigation

Financial Advisor Larry Labine, Newbridge Securities in Scottsdale, AZ

Are you concerned about investments with Lawrence Labine (Larry Labine) in Scottsdale, AZ? If so, the securities attorneys at The White Law Group may be able to help you by filing a FINRA Dispute Resolution claim.

According to public records on the Financial Industry Regulatory Authority (FINRA) website, on April 25, 2017, the regulator indicated that the Arizona Corporation Commission Securities Division reportedly revoked Labine’s license as an investment adviser representative and as a securities salesman. “Specifically, LaBine is subject to an order of the SEC denying, revoking or suspending membership, licensure or registration as a broker or dealer in securities or as an investment adviser or investment adviser representative for at least six months and revocation of LaBine’s license would be in the public interest.”

According to his FINRA BrokerCheck report, Labine was reportedly affiliated with Newbridge Securities in Scottsdale, Arizona from 2010 until 2016. He reportedly has 6 regulatory events, 3 judgement/liens and 2 employment separations on his broker profile as of today’s date.

Labine also reportedly has 25 customer complaints filed against him during his career in the securities industry. Allegations include unsuitable investments, negligence and breach of fiduciary duty, and excessive commissions, among others.

Investigating Potential Lawsuits

The White Law Group is investigating potential lawsuits regarding the liability that Labine’s employers may have for failure to properly supervise him.

When brokers violate securities laws, such making 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 Arizona. Our attorneys have recovered millions of dollars from many brokerage firms in the past.

If you are concerned about your investments with Larry Labine, 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.