Larry Jefferson Tolbert of Memphis Tennessee a stockbroker formerly registered with FSC Securities Corporation is the subject of a customer initiated investment related arbitration claim which was resolved for $45,000.00 in damages founded on allegations that Tolbert put the customer in real estate investment trust products despite those securities having been inappropriate for the customer’s investment account. Financial Industry Regulatory Authority (FINRA) Arbitration No. 16-01296 (Sept. 15, 2016).

FINRA Public Disclosure reveals that Tolbert has been identified in two more customer initiated investment related disputes containing accusations of his bad conduct during the time that he was associated with MetLife and AIG Financial Advisors, Inc. Specifically, on September 7, 2005, a customer filed an investment related complaint regarding Tolbert’s conduct where the customer requested $22,539.67 in damages supported by allegations that Tolbert neglected to inform the customer about the terms and conditions of investing in a variable universal life insurance policy because Tolbert failed to disclose information about the penalties and risks of the insurance product.

Subsequently, a customer filed an investment related arbitration claim involving Tolbert’s activities in which the customer sought $55,000.00 in damages based upon accusations that Tolbert failed to place the customer in a variable annuity with features designed to address the customer’s objectives for investing.

On July 31, 2018, Tolbert’s registration with FSC Securities Corporation was terminated. Since July 27, 2018, Tolbert has been employed by Lion Street Financial.

The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.

This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer

Guiliano Law Firm

Our practice is limited to the representation of investors. Over the last three decades, we have recovered more than a hundred millions of dollars for more than 1,000 injured investors from all over the United States and several foreign countries. We accept representation purely on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a confidential consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.

For more information concerning common claims against stockbrokers and investment professionals, please visit us at stockbrokerfraud.com

To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com

[contact-form][contact-field label=’Name’ type=’name’ required=’1’/][contact-field label=’Email’ type=’email’ required=’1’/][contact-field label=’Stockbroker/Securities Broker-Dealer’ type=’text’/][contact-field label=’Brief Description of Complaint’ type=’textarea’ required=’1’/][/contact-form]

Tags: ,

No comments yet.

Leave a Reply

Name (required)

Email (will not be published) (required)

Website