Advisor Alert: Our Attorneys Are Investigating Lauchie Hugh Martin III For Investment Fraud
Did You Lose Money Because of Lauchie Martin?
Filed: January 24, 2024
Lauchie Martin (also known as Hugh Martin) has been the subject of four (4) customer complaints. 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 Lauchie Hugh Martin III.
Who Is Lauchie Hugh Martin III?
- Advisor Name: Lauchie Hugh Martin III
- Aliases: Hugh Martin, L H Martin Iii, Lauchie H Martin, Lauchie Hugh Martin
- CRD: 321420
- Location: Myrtle Beach, South Carolina
- Current Employer: Currently Not Registered
- Previous Firms: Ameriprise Financial Services, LLC, Wells Fargo Clearing Services, LLC, and First Union Capital Markets Corp.
- Number of Known Customer Complaints: 4
- Can Lauchie Martin Be Sued: Yes, in Private Arbitration
- Can Lauchie Martin’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $450,000
- Highest Settlement: $450,000
If you have suffered investment losses by Lauchie Martin, 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 Lauchie Martin For Broker Misconduct
As of this publication date, Lauchie Martin has been the subject of 4 customer disputes. Let’s review them below.
In February 2020, a FINRA arbitration was filed against or in reference to Lauchie Martin by multiple customers of Wells Fargo Clearing Services, LLC alleging that Mr. Martin committed breach of contract and breach of fiduciary duty by taking investment and disbursement instructions from one co-trustee only where joint co-trustee authorization was required which benefited the one co-trustee but was detrimental to the remaindermen beneficiaries. On June 25, 2021, Mr. Martin settled the claim for $450,000, and some or all of this amount may have been paid by Mr. Martin’s employer and/or insurance carrier.
In May 1999, a complaint was filed against or in reference to Lauchie Martin by a customer of First Union Capital Markets Corp. alleging that Mr. Martin gave poor advice when he told the client not to sell ARS stock. Per the customer, he/she lost over $450,000 because of Mr. Martin’s actions.
In August 1990, a FINRA arbitration was filed against or in reference to Lauchie Martin by multiple customers of Wachovia Securities, Inc. alleging that Mr. Martin did not execute the customer agreement. Per the customer, he/she lost over $28,083.15 because of Mr. Martin’s actions. March 4, 1991, Mr. Martin settled the claim for $14,000, and some or all of this amount may have been paid by Mr. Martin’s employer and/or insurance carrier.
In December 1988, a complaint was filed against or in reference to Lauchie Martin alleging unauthorized trades. Per the customers, they lost over $30,000 because of Mr. Martin’s actions. On December 11, 1988, Mr. Martin settled the claim for $30,000.
How To File A Claim Against Lauchie Martin (previously with Ameriprise Financial Services, LLC, Wells Fargo Clearing Services, LLC, and First Union Capital Markets Corp.) To Get Your Money Back
If you have questions about Lauchie Martin, Ameriprise Financial Services, LLC, Wells Fargo Clearing Services, LLC, First Union Capital Markets Corp., 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.