Lance Armstrong, formerly with Raymond James Financial Services, Barred from Securities Industry
Have you lost money with financial advisor Lance Roman Armstrong from Columbia, New Jersey? We are looking into allegations made by FINRA (the Financial Industry Regulatory Authority) against Lance Armstrong. FINRA barred him from the securities industry after he failed to respond to an investigation. He was being investigated regarding allegations that he borrowed money from customers for an undisclosed outside business activity.
Lance Armstrong was a registered representative and financial advisor with Raymond James Financial Services from 2007 to February 2019. He worked out of a branch office in Columbia, New Jersey. Armstrong was also terminated by Raymond James regarding these allegations.
Broker-dealers like Raymond James Financial Services have a responsibility to adequately supervise all representatives who are registered through their firm, including investments sold by their registered representatives. Broker-dealers also must take steps to ensure that their financial advisors follow all securities rules and regulations. When broker-dealers fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; Phoenix, Arizona and Ann Arbor, Michigan. We represent investors in FINRA arbitration proceedings in all 50 states, including investors in New Jersey. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Raymond James Financial Services.
Click to view: Armstrong, Lance FINRA AWC
Click to view: Armstrong, Lance BrokerCheck 11.13.19