Advisor Alert: Our Attorneys Are Investigating Larry Richard Law For Investment Fraud
Did You Lose Money Because of Larry Law?
Filed: March 11, 2024
Larry Law currently has one (1) pending customer complaint. Overall, he has been the subject of two (2) customer complaints and one (1) regulatory 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 Larry Richard Law.
Who Is Larry Richard Law of JRL Capital Advisors LLC and Great Point Capital LLC?
- Advisor Name: Larry Richard Law
- Aliases: Larry Law
- CRD: 1273118
- Location: Newport Beach, California
- Current Employer: JRL Capital Advisors LLC and Great Point Capital LLC
- Previous Firms: JRL Capital Corporation, Capital Alliance Investments Incorporated, and First California Capital Markets Group, Inc.
- Number of Known Customer Complaints: 2
- Number of Known Regulatory Events: 1
- Can Larry Law Be Sued: Yes, in Private Arbitration
- Can Larry Law’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $400,000
- Highest Settlement: $30,000
If you have suffered investment losses by Larry Law, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a breach of fiduciary duty 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 Larry Law For Broker Misconduct
As of this publication date, Larry Law has been the subject of 2 customer disputes and 1 regulatory event. Let’s review them below.
In April 2023, a FINRA arbitration was filed against or in reference to Larry Law by multiple customers of JRL Capital Corporation alleging breach of fiduciary duty, suitability, fraudulent or negligent material misrepresentation or omission, violation of FINRA Rules 2010, IM-2310-2 and 2020, failure to supervise, and breach of contract. As of this publication date, this claim remains pending.
In March 2023, a FINRA arbitration was filed against or in reference to Larry Law by multiple customers of JRL Capital Corporation alleging suitability, misrepresentation and omission of material facts, negligence, breach of fiduciary duty, and failure to supervise. Per the customers, they lost over $400,000 because of Mr. Law’s actions. On October 23, 2023, Mr. Law settled the claim for $30,000, and some or all of this amount may have been paid by Mr. Law’s employer and/or insurance carrier.
In August 2000, the National Association of Securities Dealers, Inc. initiated a regulatory action against or in reference to Larry Law for allegedly participating in contingency offerings of securities and in contravention of Section 15(C) of the Securities and Exchange Act of 1934 And Rule 15c2-4, respondent firm did not transmit to a proper escrow account investor funds raised in the offerings. Additionally, in contravention of Section 15(c) of the Exchange Act and Rule 10b-9 thereunder, investor funds were withdrawn from the bank account into which they were deposited before the minimum offering amount was raised and while the minimum contingency amount was never raised as to some of the offerings, investors in these offerings did not receive reimbursement of their funds.
How To File A Claim Against Larry Law of JRL Capital Advisors LLC and Great Point Capital LLC (previously with JRL Capital Corporation, Capital Alliance Investments Incorporated, and First California Capital Markets Group, Inc.) To Get Your Money Back
If you have questions about Larry Law, JRL Capital Advisors LLC, Great Point Capital LLC, JRL Capital Corporation, Capital Alliance Investments Incorporated, First California Capital Markets Group, Inc., 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.