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Written by 8:36 pm Blog, Broker Investigations

Larry Peggs (Joseph Lawrence Peggs) Broker Investigation

Larry Peggs (Joseph Lawrence Peggs) Broker Investigation, featured by Top Securities Fraud Attorneys, The White Law Group

Financial Advisor Larry Peggs, Ameriprise Financial Services in Seminole, FL

Are you concerned about investments with Joseph Lawrence “Larry” Peggs in Seminole, FL? 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 June 5, 2019, Peggs was reportedly the subject of a civil action brought in the Circuit Court of Florida in which the plaintiff requested damages based on allegations of the failure to execute distributions from the customer’s investment account.

The Plaintiffs (the estate of a decedent and the decedent’s ex-wife), reportedly allege that Ameriprise, Peggs and several other defendants “failed to carry out the decedent’s intentions regarding beneficiary designations for two annuities.  The decedent’s ex-wife contends that the proceeds of the annuities should have been distributed in such a way that the proceeds could fund continuing payments to her.” The alleged damages are unspecified, according to Peggs’ FINRA broker profile.

According to his FINRA BrokerCheck report, Peggs has reportedly been affiliated with Ameriprise Financial Services in Seminole, FL since 2015.

Peggs’s broker report indicates that 8 customer complaints have reportedly been filed against him during his 34 year career in the securities industry. Allegations include unsuitable investments and unauthorized transactions among others.

Investigating Potential Lawsuits

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

When brokers violate securities laws, such as 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 Franklin, Tennessee. We represent investors in FINRA arbitration claims in all 50 states, including Florida. Our attorneys have recovered millions of dollars from many brokerage firms in the past.

If you are concerned about your investments with Larry Peggs, 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  https://whitesecuritieslaw.com.

Tags: , , , , , , , , Last modified: October 25, 2023