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Peter Lawrence: American Portfolios Advisor Faces 6-Figure Complaint
Hauppauge, New York financial advisor Peter Lawrence (CRD# 2695687) has received multiple investor complaints alleging his conduct resulted in losses. Financial Industry Regulatory Authority records show that he is a broker and an investment advisor registered with American Portfolios Financial Services and American Portfolios Advisors, respectively.
Mr. Lawrence’s BrokerCheck report discloses two investor complaints. The most recent, filed in September 2023, alleges that as a representative of Questar Capital Corporation, he misrepresented material facts relating to a variable annuity purchase in 2015. The pending complaint alleges damages of $80,000.
An earlier investor complaint, filed in September 2023, alleges that as an American Portfolios Financial Services representative, he recommended unsuitable annuities, provided inaccurate portfolio summaries, and breached his fiduciary duty. The pending complaint alleges damages between $100,000 and $500,000.
A third disclosure on Mr. Lawrence’s BrokerCheck report concerns his resignation from one of his former member firms. In December 2004 he voluntarily resigned from Pruco Securities in connection with allegations he “signed agents’ names to [an] application in an effort to assist them in meeting production requirements to maintain association with the company.”
According to the Financial Industry Regulatory Authority, Peter Lawrence holds 27 years of securities industry experience. Based in Hauppauge, New York, he has been a broker and an investment advisor with American Portfolios Financial Services and American Portfolios Advisors, respectively, since 2019. His past registrations include Questae Capital Corporation (Hauppauge, New York; 2006-2019), USAllianz Securities (Hauppauge, New York; 2005-2006), Pruco Securities (Newark, New Jersey; 2000-2005), and American Express Financial Advisors (Minneapolis, Minnesota; 1996-2000). His credentials include the passage of five securities industry qualifying exams: the General Securities Principal Examination, or Series 24; 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 Investment Adviser Law Examination, or Series 65. He is licensed in Arizona, Connecticut, the District of Columbia, Florida, Minnesota, New Jersey, New York, North Carolina, and South Carolina. (Information current as of November 6, 2023.)
Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.