Ladenburg Thalmann & Co. is a registered brokerage firm based out of New York City. It is registered with the Securities and Exchange Commission (SEC), six self-regulatory organizations, and 53 U.S. states and territories. Since 1971, Ladenburg Thalmann has aimed to "achieve outstanding results for [their] clients." Some of the services they provide include wealth management, initial public offerings, alternative investments, securities brokerage/management, and more.
According to FINRA's BrokerCheck® report of Ladenberg Thalmann, the firm has 35 regulatory events and 14 arbitration events in its disclosure events history. Any time a client or a regulating body suspects a rule violation or some type of misconduct, they can take action.
If you invested with Ladenburg Thalmann or one of its registered brokers and lost a substantial amount of money, we invite you to contact Meyer Wilson today.
In October 2011, a relatively minor allegation was brought against Ladenburg Thalmann, accusing the brokerage firm of violating FINRA Rule 2010 – failure to execute orders fully and promptly. Without admitting or denying the allegation, Ladenburg paid a $5,000 fine. In a separate regulatory event in April 2009, allegations of multiple failures accused Ladenburg of failing to enforce procedures to ensure compliance with NASD rules, among other things. Ladenburg Thalmann paid a $200,000 fine.
In September 2002, an investor accused Ladenburg Thalmann of breaching fiduciary duty, churning, unsuitability, and failure to supervise. In October 2003, at arbitration, the party that brought these allegations was awarded more than $1.1 million.
Losing money on your investments alone is not enough to indicate fraud or misconduct. However, if you lost a substantial amount of money, $75,000 or more, and you have been noticing certain red flags, we encourage you to contact our firm for further investigation. The investor loss attorneys at Meyer Wilson are here to help investors recover losses caused by fraud and misconduct. To learn more about how we may be able to help you, contact us today.