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The White Law Group Files Second Lawsuit, Laidlaw & Co.

Laidlaw & Co. Lawsuit, Featured by Top Securities Fraud Attorneys, The White Law Group

 Lawsuit Filed against Laidlaw & Company

FINRA Arbitration Claim filed against Laidlaw & Co. Alleging Over-concentration in High-risk Investments.

 The White Law Group announces today it has filed and submitted a FINRA Dispute Resolution claim on behalf of a Kentucky resident alleging claims for violation of common law fraud, breach of fiduciary duty, negligence, and negligent supervision.

The claim further alleges that Laidlaw & Co. unsuitably invested the client in the following high risk start-ups, private stock and restricted stock offerings and private placement investments:

Protea Biosciences Group, Inc.
Hair Restoration Robotics
ContraVir Pharmaceuticals
Pershing Gold Corporation

The claim seeks damages between $100,000.01 and $500,000.00.

It is alleged Laidlaw & Co. failed to properly supervise the broker of record, and failed to perform the necessary due diligence on these investments prior to recommending them to this particular investor.

Further, the claim alleges that Laidlaw & Co. is liable for its role in a “pump and dump” scheme driven by an investor group led by Barry Honig which Laidlaw assisted and enabled to the tune of millions of dollars in profit at the expense of the investing public including Claimant.

Before recommending an investment, a broker-dealer has a fiduciary duty to adequately disclose the risks involved in the investment and to perform the necessary due diligence to determine whether the investment is suitable for the investor.

Brokerage firms are also required to supervise their advisors to ensure that they are complying with FINRA rules. If it can be determined that the broker violated FINRA rules and the employers failed to adequately supervise him, these firms can be held responsible for any resulting losses in a FINRA arbitration claim.

“It is unfortunate, but we believe that many more investors have suffered devastating losses due to the broker-dealer’s failure to supervise and don’t realize they have recourse,” says D. Daxton White, managing partner of The White Law Group.

FINRA Dispute Resolution is an arbitration venue for investors with claims against their brokerage firm or financial professional.  It provides investors with an opportunity to attempt to recoup their investment losses without filing such claims in court.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.

For more information The White Law Group and the claim filed against Laidlaw & Co., please contact the firm at 1-888-637-5510 or visit https://www.whitesecuritieslaw.com.

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