Last Updated: July 2025 — Scottsdale, AZ
Here’s what you need to know about Scottsdale, AZ, stockbroker Lawrence Michael Labine:
- Name: Lawrence Michael Labine
- Alias: Larry Labine
- CRD Number: 1279935
- Current Status: Barred from industry by the US Securities & Exchange Commission (SEC)
- Prior Employers: Newbridge Securities Corporation, DeWaay Financial Network LLC, Associated Securities Corp., Linsco/Private Ledger Corp., SunAmerica Securities, Inc., Anchor National Financial Services, Inc., Southmark Financial Services, Inc.
- Function: Stockbroker / Financial Advisor
- Professional Designation: Chartered Financial Consultant
- Primary Location: Scottsdale, AZ
- Alias: Larry Labine
- Disclosure Events: 6 Regulatory Events, 34 Customer Disputes, 2 Terminations, 3 Judgments/Liens
- Can Lawrence Labine be sued in FINRA arbitration? Yes
- Sanctioned by FINRA or other regulators? Yes — multiple regulatory actions, including permanent bar
If you’ve sustained damages from Mr. Labine, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Lawrence Labine As Your Stockbroker?
Lawrence Labine has been the subject of extensive regulatory and customer actions involving fraud, misrepresentation, and unsuitable sales of high-risk investments.
One major regulatory action (FINRA Case No. 2009019605401) alleged that Labine fraudulently sold senior debentures and non-traded REITs to elderly or inexperienced investors without disclosing his conflicts of interest. He was found to have willfully violated Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5, as well as FINRA Rules 2020 and 2010, leading to a permanent bar from the securities industry.
Labine was also barred by the SEC in 2016 (SEC Admin Release 33-9611) for failing to disclose that the company issuing the debentures relied on his sales to remain solvent, creating a serious conflict that was not communicated to his clients. The SEC ordered him to disgorge $100,000 plus interest.
The Arizona Corporation Commission also permanently revoked Labine’s license for violating A.R.S. § 44-3201(A)(10) and A.R.S. § 44-1962(A)(8) by failing to disclose material information and selling unregistered securities.
Numerous customer disputes allege unsuitable sales, fraud, misrepresentation, and failures to supervise, resulting in settlements and awards — including customer awards for over $100,000 in individual cases.
Allegations of Broker Misconduct Against Lawrence Labine
Clients, regulators, and arbitrators have alleged the following misconduct:
- Fraudulent misrepresentations and omissions related to high-risk securities sales
- Selling unsuitable investments, including illiquid non-traded REITs, senior debentures, and direct participation programs
- Failing to disclose conflicts of interest and personal incentives
- Engaging in unauthorized trading and unsuitable margin recommendations
- Multiple customer disputes resolved with large awards and settlements
- Repeated regulatory sanctions resulting in permanent bars from the industry
Recover Your Investment Losses Now With Rex Securities Law
Investigations of other Newbridge Securities brokers
If you have suffered investment losses in an account handled by Lawrence Michael Labine, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.