Advisor Alert: Our Attorneys Are Investigating Stephen Curtis Lawler For Investment Fraud
Did You Lose Money Because of Steve Lawler?
Filed: November 15, 2023
Steve Lawler currently has one (1) pending customer dispute. Overall, he has been the subject of five (5) customer complaints and one (1) financial 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 Stephen Curtis Lawler.
Who Is Stephen Curtis Lawler of Cetera Investment Advisers LLC and Cetera Advisors LLC?
- Advisor Name: Stephen Curtis Lawler
- Aliases: Stephen Curtis Lawler Jr, Steve Lawler
- CRD: 1193477
- Location: Peoria, Illinois
- Current Employer: Cetera Investment Advisers LLC and Cetera Advisors LLC
- Previous Firms: First Allied Securities, Inc., Lawler Financial Advisory Corporation, and First Allied Advisory Services, Inc.
- Number of Known Customer Complaints: 5
- Number of Known Financial Events: 1
- Can Stephen Lawler Be Sued: Yes, in Private Arbitration
- Can Stephen Lawler’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $150,000
- Highest Settlement: $425,000
If you have suffered investment losses by Stephen Lawler, 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 Steve Lawler For Broker Misconduct
As of this publication date, Stephen Lawler has been the subject of 5 customer disputes and 1 financial event. Let’s review them below.
In July 2023, a FINRA arbitration was filed against or in reference to Stephen Lawler by a customer of Investacorp Inc. alleging alternative product recommendations were not suitable and that full disclosures were not made to her. As of this publication date, the claim remains pending.
In December 2021, a complaint was filed against or in reference to Stephen Lawler by multiple customers of First Allied Securities, Inc. alleging that Mr. Lawler recommended unsuitable investments. The clients generally allege unsuitability and failure to supervise. Per the customers, they lost over $100,000.01 because of Mr. Lawler’s actions. On July 20, 2023, Mr. Lawler settled the claim for $30,000, and some or all of this amount may have been paid by Mr. Lawler’s employer and/or insurance carrier.
In June 2021, a FINRA arbitration was filed against or in reference to Stephen Lawler by a customer of Investacorp Inc. alleging unsuitability of alternative investments which caused financial harm. The allegations include unsuitability, overconcentration, misrepresentations, fraud, breach of contract, breach of fiduciary duty, negligence and violations of laws. Per the customer, he/she lost over $5,000 because of Mr. Lawler’s actions. On May 3, 2023, Mr. Lawler settled the claim for $425,000, and some or all of this amount may have been paid by Mr. Lawler’s employer and/or insurance carrier.
In January 2021, a FINRA arbitration was filed against or in reference to Stephen Lawler by multiple customers of Investacorp Inc. and First Allied Securities, Inc. alleging that Mr. Lawler recommended unsuitable investments.
In May 2020, a FINRA arbitration was filed against or in reference to Stephen Lawler by multiple customers of Investacorp Inc. alleging unsuitability with respect to REIT investments purchased between 2010-2014. Per the customers, they lost over $150,000 because of Mr. Lawler’s actions. On December 21, 2020, Mr. Lawler settled the claim for $7,500, and some or all of this amount may have been paid by Mr. Lawler’s employer and/or insurance carrier.
In January 2020, Stephen Lawler filed for bankruptcy in the U.S. Bankruptcy Court for Peoria, Illinois.
How To File A Claim Against Steve Lawler of Cetera Investment Advisers LLC and Cetera Advisors LLC (previously with First Allied Securities, Inc., Lawler Financial Advisory Corporation, and First Allied Advisory Services, Inc.) To Get Your Money Back.
If you have questions about Stephen Lawler, Cetera Investment Advisers LLC, Cetera Advisors LLC, First Allied Securities, Inc., Lawler Financial Advisory Corporation, First Allied Advisory Services, 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.