Advisor Alert: Our Attorneys Are Investigating Lynn Dale Cawthorne For Investment Fraud
Did You Lose Money Because of Lynn Cawthorne?
Filed: October 26, 2023
Lynn Cawthorne currently has one (1) pending regulatory event, one (1) pending criminal event, and one (1) pending judgment/lien event. Overall, he has been the subject of three (3) regulatory events, one (1) criminal event, one (1) termination event, and one (1) judgment/lien 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 Lynn Dale Cawthorne.
Who Is Lynn Dale Cawthorne?
- Advisor Name: Lynn Dale Cawthorne
- Aliases: Lynn Cawthorne
- CRD: 3211221
- Location: Shreveport, Louisiana
- Current Employer: No Longer Allowed to Practice in the Securities Industry
- Previous Firms: Cambridge Investment Research, Inc., Investment Professionals, Inc., and Axa Advisors, LLC
- Number of Known Regulatory Events: 3
- Number of Known Criminal Events: 1
- Number of Known TerminationEvents: 1
- Number of Known Judgment/Lien Events: 1
- Can Lynn Cawthorne Be Sued: Yes, in Private Arbitration
- Can Lynn Cawthorne’s Employers Be Sued For Failing to Supervise His Actions: Yes, in Private Arbitration
- Highest Damages Allegation: Unknown
- Highest Settlement: Unknown
If you have suffered investment losses by Lynn Cawthorne, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment 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 Lynn Cawthorne For Broker Misconduct
As of this publication date, Lynn Cawthorne has been the subject of 7 customer disputes. Let’s review them below.
In April 2022, United States Securities and Exchange Commission initiated a regulatory action against or in reference to Lynn Cawthorne. The Division of Enforcement alleges that on November 5, 2021, the U.S. District Court for the Western District of Louisiana accepted Cawthorne’s guilty plea to one count of wire fraud in violation of 18 U.S.C. §1343 and one count of failure to file tax returns in violation of 26 U.S.C. § 7203, in United States v. Cawthorne et al., Case No. 5:18-cr-00107-EEF-MLH. As part of his guilty plea, Cawthorne admitted that between 2013 and 2014, while he was employed by two dually registered broker-dealers and investment advisers, he defrauded the Food and Nutrition Service, an agency of the U.S. Department of Agriculture (USDA) which administers child nutrition programs such as the Summer Feeding Service Program established to ensure that low-income children continue to receive nutritious meals during the summer break from school. Under the program, meals are prepared and served by sponsors who are required to maintain records documenting the number of meals served, which they are reimbursed for after submitting a claim to the USDA certifying that the records are true and accurate. In 2013, Cawthorne submitted a false claim for reimbursement claiming more than the actual number of children fed, resulting in an overpayment that was wired to a bank account he controlled.
In August 2020, FINRA initiated a regulatory action against or in reference to Lynn Cawthorne for allegedly failing to comply with its requests for information in connection with an investigation into his failure to disclose multiple felony charges and other potential violations. The complaint alleges that Cawthorne was indicted in the U.S. District Court for the Western District of Louisiana on seven felony counts of wire fraud and one felony count of conspiracy to commit wire fraud in connection with allegedly misappropriating approximately $536,000 from a government program that provided nutritious meals to children in low-income areas when school is not in session during the summer. The requested information was necessary to determine, among other things, whether Cawthorne failed to report his indictment and superseding indictment, and whether his related outside business activities and private securities transactions were properly disclosed to his firm or otherwise violated applicable FINRA rules.
In January 2020, FINRA initiated a regulatory action against or in reference to Lynn Cawthorne for failing to respond to FINRA request for information.
In September 2018, FINRA initiated a regulatory action against or in reference to Lynn Cawthorne for failing to report ongoing criminal investigation. Not securities related.
In April 2018, felony charges were pressed against Mr. Cawthorne in United States District Court for the Western District of Louisiana. Mr. Cawthorn received 7 felony charges for Wire Fraud and 1 felony charge for Conspiracy-Wire Fraud.
In March 2013, Lynn Cawthorne was the subject of a civil judgment or lien in the amount of $1,815. In general, judgment liens are court rulings that give a creditor the right to take possession of a debtor’s property when the debtor has failed to fulfill his or her contractual obligations. Sometimes, these types of disclosures reflect IRS judgments, tax liens, and/or civil judgments against a financial advisor.
How To File A Claim Against Lynn Cawthorne (previously with Cambridge Investment Research, Inc., Investment Professionals, Inc., and Axa Advisors, LLC) To Get Your Money Back.
If you have questions about Lynn Cawthorne, Cambridge Investment Research, Inc., Investment Professionals, Inc., Axa Advisors, LLC., 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. Our team has recovered approximately $25 million dollars on behalf of investors who lost money due to bad advice by their broker or brokerage firm. We’d love to help you out too.