Corbin Lambert, with Securities America, Subject of SEC Complaint for Defrauding Investors
Have you lost money with financial advisor Corbin L. Lambert from Omaha, Nebraska? We are looking into allegations made by the Securities and Exchange Commission (SEC) against Corbin Lambert. The SEC alleged that Lambert engaged in a “cherry-picking” scheme with his advisory firm Continuum Financial.
The SEC alleged that Lambert placed options trade in Continuum Financial’s omnibus account to facilitate trades for multiple client accounts. After observing the trades the next day, Lambert picked the profitable trades to be allocated to Continuum Financial’s account, while picking the unprofitable trades for his clients’ accounts.
Corbin Lambert was a registered representative with Securities America from October 2015 to the present. He was also with Continuum Financial from June 2015 to the present. He worked out of an office in Omaha, Nebraska.
Brokerage firms like Securities America have a responsibility to adequately supervise all representatives who are registered through their firm. These firms also must take steps to ensure that their advisors follow all securities rules and regulations. When brokerage firms fail to adequately supervise their 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 arbitration proceedings in all 50 states, including investors in Nebraska. Our attorneys have represented over one thousand investors against many brokerage firms in the past, including against Securities America.