Laidlaw & Company is a registered brokerage firm that offers full-service investment banking and brokerage firm offerings. Laidlaw brokers advise both private investors and public institutions on investment strategy and manage clients’ investment portfolios. Laidlaw’s main office is located in London, England but it is registered in 53 U.S. states and territories as well.
According to FINRA, Laidlaw & Company has three regulatory events and one arbitration event in its history. As a registered brokerage firm, Laidlaw & Company has the duty to act in the best interests of its clients, rather than their own. If Laidlaw violates a securities industry rule and clients lose money, the clients may be entitled to restitution. If you need to recover your losses you believe were caused by investment misconduct, contact an investment loss attorney at Meyer Wilson.
Examples of Laidlaw’s Past Regulatory Events
FINRA’s BrokerCheck® report on Laidlaw & Company details past regulatory and arbitration events. In February 2012, allegations were brought forward that claim “the firm failed to establish and implement adequate policies and procedures designed to achieve compliance with the Bank Secrecy Act” among other allegations of regulatory failures. Without admitting or denying the findings, Laidlaw paid the $65,000 monetary fine.
In November 2009, allegations were brought forward claiming Laidlaw “failed to retain email communications related to the firm’s business…failed to establish and maintain a system for supervisory review of those emails…failed to develop a privacy policy…failed to enforce its written supervisory procedures,” and additional alleged failures. Without admitting or denying the findings, the firm consented to pay the monetary fine of $65,000.
What to Do If You Suspect Fraud or Misconduct
If you invested with Laidlaw & Company or one of its registered brokers and you lost a substantial amount of money, this is worth looking into. If you suspect fraud or misconduct, we invite you to –
- Call Meyer Wilson as soon as possible
- Divulge the details of your investments, including who your broker is and how much you lost
- Retain our law firm, should we discover that your case has merit
