Securities Lawyers Blog
The attorneys at Gana Weinstein LLP are investigating BrokerCheck records reports that broker Rodrigue Lors (Lors), currently employed by Wilmington Capital Securities, LLC (Wilmington Capital Securities) has been subject to at least seven customer complaints during the course of his career. According to records kept by The Financial Industry Regulatory Authority (FINRA), Lors’ customer complaints alleges that Lors recommended unsuitable investments in various investments including allegations involving private placement securities among other allegations of misconduct relating to the handling of their accounts.
In September 2021, a customer complained that Lors violated the securities laws by alleging that Lors engaged in unsuitability. The claim alleges $200,000 in damages and is currently pending.
In April 2021, a customer complained that Lors violated the securities laws by alleging that Lors engaged in unsuitable investment advice, common law fraud, breach of contract, and breach of fiduciary duty. The claim is currently pending.
In July 2020, a customer complained that Lors violated the securities laws by alleging that Lors engaged in unsuitability. The damage amount requested was $100,000. The claim settled in the amount of $20,000.