There are options for customers of former Lion Street Financial, LLC broker Larry Tolbert (CRD# 1054714), who is accused of corporate debt losses. He has been registered with Integrity Alliance, LLC in Memphis, Tennessee, since 2025, and Csenge Advisory Group, LLC in Memphis, Tennessee, since 2016. He was registered with Lion Street Advisors, LLC in Memphis, Tennessee, from 2018 to 2025, Lion Street Financial, LLC in Memphis, Tennessee, from 2018 to 2025, and FSC Securities Corporation in Memphis, Tennessee, from 2011 to 2018.
Larry Tolbert Customer Complaints
He has been the subject of five customer complaints between 2023 and 2026, one of which was withdrawn, according to his CRD report:
February 2026. “Customer alleges the Representative recommended the purchase of unsuitable, risky, illiquid, and complex unsecured debt securities through Representative's Registered Investment Adviser (RIA).” The customer is seeking $113,000 in damages, and the case is currently pending. The complaint was regarding corporate debt losses, and it took place while he was registered with Lion Street Financial, LLC.
January 2026. “Customer alleges the Representative recommended the purchase of unsuitable, risky, illiquid, and complex unsecured debt securities through Representative’s Registered Investment Adviser (RIA).” The customer is seeking $85,000 in damages, and the case is currently pending. The complaint was regarding corporate debt losses, and it took place while he was registered with Lion Street Financial, LLC.
March 2025. “Customer alleges the Representative recommended the purchase of unsuitable, risky, illiquid, and complex unsecured debt securities through Representative’s Registered Investment Adviser (RIA).” The customer is seeking $50,000 in damages, and the case is currently pending. The complaint was regarding corporate debt losses, and it took place while he was registered with Lion Street Financial, LLC.
November 2023. “Customer alleges the Representative recommended the purchase of unsuitable, risky, illiquid, and complex unsecured debt securities through Representative's Registered Investment Adviser (RIA).” The customer sought $95,000 in damages, and the case was settled for $45,000. The complaint was regarding corporate debt losses, and it took place while he was registered with Lion Street Financial, LLC.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Lion Street Financial, LLC may be liable for investment or other losses suffered by Larry Tolbert’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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