Did you lose money investing with Emerson Equity LLC broker Patrick Lam (CRD# 4723020)? He has been registered with Emerson Equity LLC in Scottsdale, Arizona, since 2019. He was registered with Sandlapper Securities, LLC in Los Gatos, California, from 2018 to 2019, J.P. Morgan Institutional Investments Inc. in New York, New York, from 2017 to 2018, Griffin Capital Securities, LLC in Irvine, California, from 2014 to 2017, Nationwide Investment Services Corporation in Columbus, Ohio, from 2012 to 2014, Ascent Real Estate Securities, LLC in New York, New York, from August to October 2012, and Lincoln Financial Distributors, Inc. in Radnor, Pennsylvania, from 2010 to 2011, when he was terminated regarding, “Wholesaler confirmed that he altered the owner information and admitted signing a company officer’s signature without authorization on the Lincoln National Life Insurance Company letter of acceptance for a variable annuity exchange. Wholesaler faxed the altered document to the originating insurance company.”
Patrick Lam Customer Complaints
He has been the subject of six customer complaints, one of which was withdrawn, according to his CRD report:
January 2026. “Breach of contract and warranties, promissory estoppel; violation of fraud and estate securities statutes and the deceptive practices act (DTPA); violation of Regulation Best Interest; Breach of fiduciary duty; claims under common law; vicarious liability.” The case is currently pending. The complaint was regarding real estate security losses, and it took place while he was registered with Emerson Equity LLC.
December 2025. “Suitability, trade done sometime around 2022.” The case is currently pending. The complaint was regarding real estate security losses, and it took place while he was registered with Emerson Equity LLC.
October 2025. “Violations of Federal Securities Laws, Violations of the California Securities Act, Breach of Contract, Common Law Fraud, Breach of Fiduciary Duty, Negligence and Gross Negligence. 2022.” The case is currently pending. The complaint was regarding real estate security losses, and it took place while he was registered with Emerson Equity LLC.
August 2025. “Breach of contract and warranties, promissory estoppel, consumer protection and deceptive trade practices act, violation of securities statutes, breach of fiduciary duty, claims under common law, vicarious liability, violation of Regulation Best Interest.” The case is currently pending. The complaint was regarding real estate security losses, and it took place while he was registered with Emerson Equity LLC.
August 2025. “Breach of contract and warranties, promissory estoppel, violation of consumer protection and deceptive trade practices act, violations of securities statutes, breach of fiduciary duty, claims under common law, vicarious liability, violation of Regulation Best Interest.” The case is currently pending. The complaint was regarding real estate security losses, and it took place while he was registered with Emerson Equity 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, Emerson Equity LLC may be liable for investment or other losses suffered by Patrick Lam’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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