Advisor Alert: Our Attorneys Are Investigating David Lau For Investment Fraud
Did You Lose Money Because of David Lau?
Filed: March 21, 2024
David Lau (also known as David V Lau) has been the subject of one (1) regulatory event and one (1) termination event. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on David Lau.
Who Is David Lau of Consolidated Portfolio Review Corp?
- Advisor Name: David Lau
- Aliases: David V Lau
- CRD: 4567411
- Location: Woodbury, New York
- Current Employer: Consolidated Portfolio Review Corp
- Previous Firms: Gladstone Wealth Partners and Morgan Stanley
- Number of Known Regulatory Events: 1
- Number of Known Termination Events: 1
- Can David Lau Be Sued: Yes, in Private Arbitration
- Can David Lau’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: Unknown
- Highest Settlement: Unknown
If you have suffered investment losses by David Lau, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a stockbroker fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against David Lau For Broker Misconduct
As of this publication date, David Lau has been the subject of 1 regulatory event and 1 termination event. Let’s review them below.
In November 2022, FINRA initiated a regulatory action against or in reference to David Lau for allegedly exercising discretionary trading authority to effect trades in customer accounts without first obtaining written authorization from the customers and his member firm to treat the accounts as discretionary.
In March 2021, Morgan Stanley Smith Barney, LLC terminated David Lau for allegations regarding Mr. Lau’s compliance with pre-trade client confirmation requirements in connection with certain trades in non-discretionary accounts.
How To File A Claim Against David Lau of Consolidated Portfolio Review Corp (previously with Gladstone Wealth Partners and Morgan Stanley) To Get Your Money Back
If you have questions about David Lau, Consolidated Portfolio Review Corp, Gladstone Wealth Partners, Morgan Stanley, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.