Securities Lawyers Blog
The law offices of Gana Weinstein LLP are currently investigating claims that advisor Lance Armstrong (Armstrong) was terminated by his firm and then barred from the securities industry over allegations that he engaged in multiple loans with customers among other allegations. According to BrokerCheck records, Armstrong was formerly registered with The Financial Industry Regulatory Authority (FINRA) member firm Raymond James Financial Services, Inc (Raymond James). If you have been a victim of Armstrong’s alleged misconduct our firm may be able to assist you in recovering funds.
In November 2019 FINRA barred Armstrong finding that Armstrong consented to the sanction and findings that he refused to appear for on-the-record testimony as requested by FINRA in connection with its investigation of his activities. FINRA stated that Armstrong’s member firm filed a Form U5, disclosing that it had discharged him after he solicited and accepted multiple loans from customers in connection with an undisclosed outside business activity.
According to Armstrong’s publicly disclosed records the only outside business activities disclosed including Coopcade Capital LLC and First Hope Bank. It is unclear at this time whether FINRA’s allegations concern these entities.