Larry Crabtree suspended by FINRA

Larry Crabtree suspended.

Judgments, Awards and Settlements

In February, 2016, the Financial Industry Regulatory Authority (“FINRA”) announced that Larry Crabtree of Edmund, OK, of Wilbanks Securities of Edmund, OK submitted an acceptance, waiver and consent letter whereby he was suspended from association with any FINRA member in any capacity for a period of six months. The FINRA complaint alleged that Crabtree made unsuitable investments in a customer’s IRA and that he improperly exercised discretion in the account without obtaining written approval to do so.

Registration and disciplinary history

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

Since March 2014

WILBANKS SECURITIES, INC
07/2008 – 02/2014
WFG INVESTMENTS, INC.
06/1996 – 08/2008
CAPITAL WEST SECURITIES, INC.

According to FINRA’s CRD disclosure report, Larry Crabtree has been the subject of two 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.