Last Updated: October 2023 (San Antonio, Texas)
Donald Laurence Investigation Summary
Here’s what you need to know about San Antonio, TX, stockbroker Donald Laurence:
- Name: Mr. Donald R. Laurence, Jr.
- Current Employer: Not currently registered with FINRA, Stone Oak Wealth Management (RIA)
- Previous Firms: Raymond James & Associates, Wells Fargo Clearing Services, Southwest Securities
- Function: Stock Broker/ Financial Advisor/Registered Investment Advisor
- Aliases: Donald Ray Laurence, Jr., Donnie Ray Laurence, Jr.
- Primary Location: San Antonio, Texas
- CRD 3100139
- Can Donnie Laurence be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Discharged by a prior employer: Yes
- Highest Settlement : $30,000
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Donald Laurence As Your Stockbroker?
In 9/2016 a customer of Southwest Securities was paid $30,000 to resolve a suit brought in Bexas County, TX, alleging that Donnie Laurence made misrepresentations that a payment made for a life insurance policy was full and final payment and no further premium payments would be required for the policy to remain in force. After purchasing the policy the customer learned that additional payment would be necessary to prevent the policy from lapsing.
In 1/2023 a customer of Stone Oak wealth Management complained that they had suffered an unspecified amount of damages due to an improper asset allocation which caused losses. The company reviewed the complaint and denied the claim. Apparently, the customer did not pursue the matter further and the file was closed by the firm.
Donnie Laurence was discharged by Raymond James in 8/2019 and the following allegations were entered on Laurence’s FINRA record: “Registered representative permitted another associate to complete the firm element continuing education courses for representative.”
Allegations of Broker Misconduct Against Donald Laurence
Customers of Donnie Laurence have alleged the following wrongdoing in connection with the handling of customer accounts:
- Misrepresented the amount of premiums needed to keep life insurance in force.
- Account suffered losses due to improper asset allocation.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Has Your Brokerage Firm “Denied” Your Claim for Damages Due to Stockbroker Malpractice?
It is quite common, as well as predictable, for brokerage firms to deny a customer’s complaint made directly to the company. Firms know that in many, if not most, instances telling the customer “we don’t think it’s our fault” will be an end to the problem. In other words, it’s generally a waste of your time to sit down with the office manager & the broker.
They seldom, if ever, offer any resolution or if they do, will attempt to have you resolve your case for a fraction of what it is actually worth.
We suggest that if you think there is a problem with the way your account has been handled, or if you have had your claim “denied”, talk to an experienced securities attorney.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Donnie Laurence, contact us for a complimentary consultation with an experience 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.
