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Read MoreDominion Advisor Lance Walston: Investor Complaints
San Antonio financial advisor Lance Walston (CRD# 4440958) has received multiple investor complaints that reached six-figure settlements. Financial Industry Regulatory Authority records show that he is a broker with Dominion Investor Services, doing business as Walston Investment Management.
Mr. Walston’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in August 2022, alleged that as a representative of Dominion Portfolio Management, he engaged in trading violations involving stock and options products. In September 2022 the complaint reached a settlement of $73,000.
A second investor complaint, filed in 2021, alleged that his options recommendations resulted in losses. The complaint reached a settlement of $150,000.
A third investor complaint, filed in 2020, alleged that he recommended unsuitable investments while at Dominion Portfolio Management. The complaint reached a settlement of $188,000.
A fourth investor complaint, filed in 2019, alleged that he recommended options investments that “deviated from the client’s stated objectives.” The complaint reached a settlement of $82,190.82. Another 2019 complaint detailing similar objectives settled for $40,009.42.
A sixth investor complaint, filed in 2014, alleged breach of fiduciary duty, negligence, breach of contract, fraud, and misrepresentation of material facts while he was at Raymond James Financial Services. In 2015 the complaint reached a settlement of $11,500.
According to the Financial Industry Regulatory Authority, Lance Walston holds 21 years of securities industry experience. Based in San Antonio, Texas, he has been a broker with Dominion Investor Services since 2017, doing business as Walston Investment Management. His past registrations include Dominion Portfolio Management, LPL Financial, Raymond James Financial Services, and Edward Jones. His credentials include the passage of six securities industry qualifying exams: the General Securities Sales Supervisor – Options Module Examination, or Series 9; the General Securities Sales Supervisor – General Module Examination, or Series 10; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; the Uniform Securities Agent State Law Examination, or Series 63; and the Uniform Combined State Law Examination, or Series 66. He is licensed as a broker in Texas. (Information current as of October 19, 2022.)
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