Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Lawrence Rice (Rice), previously associated with Centaurus Financial, Inc., has at least one disclosable event. These events include one regulatory event, alleging that Rice recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a final customer complaint on August 14, 2024.
Without admitting or denying the findings, Rice consented to the sanction and to the entry of findings that he declined to provide documents and information requested by FINRA in connection to its investigation of allegations made on a Form U5 by his member firm. The findings stated that Rice’s firm alleged that he failed to timely disclose a pending civil action in which he was named, as per firm policy and industry regulations.
