Close Menu
Free Consultation: 888-976-6111

Laurence Braunstein: Investor Complaints Against NYC Financial Advisor

Investor complaints against former New York City broker and investment advisor Laurence Braunstein (CRD#: 1220577) allege conduct including suitability violations, misrepresentations, and more. Braunstein is a former representative of Janney Montgomery Scott, according to information drawn from Financial Industry Regulatory Authority records.

A July 2018 complaint alleged that as a representative of First Allied Securities, Morgan Stanley, and Janney Montgomery Scott, Laurence Braunstein made misrepresentations with respect to variable annuity products, unit investment trust products, and direct investments. The complaint reached a settlement of $14,999

A 2016 complaint alleged that as a representative of Morgan Stanley Smith Barney, Laurence Braunstein made unsuitable recommendations of mutual fund, unit investment trust, and closed-end fund products. The complaint reached a settlement of $24,900.

A 2013 complaint alleged that as a representative of Morgan Stanley Smith Barney, he misrepresented material facts regarding the risks of investments in unit investment trust and closed-end fund products. The complaint reached a settlement of $25,000.

A 2011 complaint alleged that as a representative of Morgan Stanley Smith Barney, he “invaded principal” without the customer’s permission. The complaint reached a settlement of $3,000.

A 2011 complaint alleged that as a representative of First Allied Securities, he recommended unsuitable investments, made misrepresentations of material facts, concealed risks, and breached his fiduciary duty in connection to mutual fund investments and unit investment trust products. The complaint reached a settlement of $125,000.

A 2010 complaint alleged that as a representative of First Allied Securities, he breached his fiduciary duty, committed fraud, and violated the New Jersey Consumer Fraud Act. The complaint reached a settlement of $490,316.

Laurence Braunstein is currently not registered as a broker or investment advisor. His employment history includes Janney Montgomery Scott in New York City; Morgan Stanley in New York City; First Allied Securities in New York City; Walnut Street Securities in El Segundo, California; Nathan & Lewis Securities in New York City; and Home Life Equity Sales Corporation. He currently holds zero state licenses and has passed six securities industry qualification examinations.

Facebook Twitter LinkedIn
Contact Us For A Free Case Evaluation
Latest Blog Posts
  • Mariondy Fernandez: Complaints Against Dorchester Financial Advisor

    Settled and pending investor complaints against former Dorchester, Massachusetts broker Mariondy Fernandez (CRD#: 2391134) allege conduct including fraud, breach of...

    Read More
  • Gary Meier: Complaints Against Vancouver Financial Advisor

    Settled and pending investor complaints against former Vancouver, Washington broker and investment advisor Gary Meier(CRD#: 1591561) allege conduct including suitability...

    Read More
  • Barry Speyer: Complaints Against Beverly Hills Financial Advisor

    Settled and pending investor complaints against Beverly Hills, California broker and investment advisor Barry Speyer (CRD#: 432002) allege conduct including...

    Read More
  • Debra Bourne: Complaints Against Red Bank Financial Advisor

    Pending investor complaints against former Red Bank, New Jersey broker Debra Bourne (CRD#: 1352344) allege conduct including unsuitable investment recommendations,...

    Read More
  • Previous
  • Next