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Rodrigue Lors: $150K Complaint Against Wilmington Capital Advisor

Westport, New York financial advisor Rodrigue Lors (CRD# 4379214) recently received an investor complaint alleging that his conduct resulted in six-figure damages. Financial Industry Regulatory Authority records show that he is registered as a broker with Wilmington Capital Securities, having previously been registered with National Securities Corporation.

Mr. Lors’ BrokerCheck report discloses multiple investor complaints. The most recent, filed in January 2024, alleges that as a representative of National Securities Corporation, he breached his fiduciary duty, acted negligently, and recommended an unsuitable private placement investment. The pending complaint alleges damages of $150,000.

An earlier investor complaint, filed in 2021, alleged that as a National Securities representative, he recommended unsuitable private placements. In 2023 the complaint reached a settlement of $25,000.

A third investor complaint, filed in 2021, alleged that as a representative of Wilmington Capital Securities, he breached contract, breached his fiduciary duty, committed fraud, and recommended unsuitable stock investments. In 2022 the complaint reached a settlement of $50,000.

A fourth investor complaint, filed in 2020, alleged that as a National Securities Corporation and Wilmington Capital Securities representative, he recommended unsuitable private placements. In 2022 the complaint reached a settlement of $30,000.

A fifth investor complaint, filed in 2020, also alleged that he unsuitably recommended private placement products while a representative of National Securities. In 2021 the complaint reached a settlement of $20,000. In a statement included with the complaint’s disclosure, Mr. Lors commented that the claimant brought the allegations against the firm, with which he no longer worked. “The Claimant did not assert any claims against me in this arbitration,” he wrote further. “Despite no claims asserted against me, National listed me as the ‘subject’ of the arbitration. The arbitration arose out of Claimant’s alternative investments purchased for his account and risk at National.”

Other current or former National Securities Corporation advisors to receive investor complaints include Paul Gomperz, Rachel Heege, Michael Blueweiss, Viqas Akhtar, and Shaun Stein.

According to the Financial Industry Regulatory Authority, Rodrigue Lors holds 18 years of securities industry experience. Based in Westport, New York, he has been a broker and an investment advisor with Wilmington Capital Securities since 2017. His past registrations include National Securities Corporation (Westbury, New York; 2007-2017) and Gunnallen Financial (Westbury, New York; 2005-2007). His credentials include the passage of three securities industry qualifying exams: the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. He is licensed in Arizona, California, Florida, Georgia, Idaho, Kansas, Louisiana, Michigan, Montana, Nevada, New York, Ohio, Oregon, Pennsylvania, South Carolina, Texas, Utah, and Washington. (Information current as of January 30, 2024.)

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.

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