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Investor Alert: Former Laidlaw & Company Financial Advisor Patrick Maddren

Posted on Wednesday, February 21st, 2018 at 9:21 am    

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There are options for customers of former Laidlaw & Company financial advisor Patrick Maddren (CRD# 4665903) regarding losses sustained from unauthorized trading, churning and unsuitable investment recommendations. Maddren has been registered with Westpark Capital, Inc. in Fort Lauderdale, Florida since August 2017. Previously, he was registered with Laidlaw & Company in Fort Lauderdale, Florida from 2017 to September 2017.

Maddren has been the subject of two customer complaints between 2012 and 2016, one of which was denied, according to his CRD report:

March 2016. “Failure to follow instructions, material misrepresentations and omissions, excessive trading and commissions, unauthorized trading, unsuitable recommendations, breach of contract.” The customer sought $1 million in damages and the case was settled for $295,000.

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, Laidlaw & Company may be liable for investment or other losses suffered by Maddren’s customers.

Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If and 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.