Charles Laverty Suspended by FINRA

FINRA suspends Charles Laverty.

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In February, 2016, the Financial Industry Regulatory Authority (“FINRA”) announced that Charles Laverty of Newport Beach, CA, formerly with Oppenheimer and Co. and Calton & Associates submitted an acceptance, waiver and consent letter whereby he was suspended from association with any FINRA member in any capacity for eighteen months. The FINRA complaint alleged that Laverty borrowed over one million dollars from his customers  without obtaining permission from his firm.  One of the loans remains outstanding. FINRA also found that Laverty failed to report the loans on his annual compliance questionnaires.

Registration and disciplinary history

In order to lawfully sell investments to the public,  a registered rep must either be registered or exempt from registration.  Charles Laverty was registered with:

02/2015 – 10/2015
TCFG WEALTH MANAGEMENT, LLC
03/2014 – 02/2015
CALTON & ASSOCIATES, INC.
11/2011 – 03/2014
OPPENHEIMER & CO. INC.
05/2010 – 11/2011
UBS FINANCIAL SERVICES INC.

According to FINRA’s CRD disclosure report, Charles Laverty has been the subject of three customer complaints and two regulatory investigations.

The Law Office of David Liebrader practices exclusively in the field of investment loss recovery.  For the past 23 years, we have dedicated our law practice to assisting investors who have been victims of investment fraud via fraudulent and unsuitable investment transactions.  During that time we have recovered money for over one thousand individuals, pension plans, trusts and companies.  The recoveries we have obtained via judgments, awards and settlements on behalf of our clients exceed $40,000,000.

When investors contact our firm they can expect prompt attention, and a detailed analysis of their issues.  Typical claims that we are asked to review  involve “unsuitability (where a financial advisor makes investment recommendations that are inconsistent with a customer’s investment objectives), claims for “churning” (where a broker enters into an excessive number of trades for the purpose of generating commissions), claims involving illiquid investments such as private placements (I.e., real estate investment trusts, limited partnerships, equipment leasing and oil and gas drilling programs) as well as claims for violations of state securities laws, which often provide investors remedies like attorney’s fees and interest, if they are successful on the claim.

If you suspect that you have been the victim of investment fraud, or had a financial advisor recommend unsuitable investments to you, call us today for a free, confidential consultation at (702) 380-3131.