Last Updated: February 2025 (Woodland Hills, CA)
Lawrence Greenfield Investigation Summary
Here’s what you need to know about Woodland Hills, CA, stockbroker Lawrence Greenfield:
- Name: Mr. Lawrence Richard Greenfield
- Current Employer: Not currently registered with FINRA
- DBA: Atlas Private Wealth Advisors
- Previous Firms: LPL Financial, Arete Wealth Management, Arete Wealth Advisors (RIA)
- Function: Stock Broker/ Financial Advisor/ Registered Investment Advisor
- Aliases: Larry Greenfield
- Primary Location: Woodland Hills, CA
- CRD 4056913
- Can Larry Greenfield be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement or Award: $175,000
- Two Pending Customer Disputes Seek Damages of nearly $1 Million
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Lawrence Greenfield As Your Stockbroker?
Two customers of Arete Wealth Management have pending cases alleging that Larry Greenfield sold them unsuitable alternative investments causing collective damages of about $1,000,000. These cases are currently pending.
IN 2019 a customer of Arete Wealth Management was paid $175,000 to resolve a FINRA arbitration alleging that Greenfield made unsuitable recommendations in real estate securities.
Six other cases involving Greenfield have been settled.
Alternative Investments: These are assets that are not stocks, bonds or cash. Alternative investments generally fall within five categories: hedge funds, private capital, natural resources (oil and gas, energy), real estate (REITs) and infrastructure. They are typically less liquid that conventional investments, less regulated with higher fees and generally higher risk. For more investigations involving Alternative Investments, see this.
Allegations of Broker Misconduct Against Lawrence Greenfield
Customers of Larry Greenfield have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendations to invest in alternative investments
- Misrepresentation
- Deceptive Sales Practices
See this for more information on REITs and Other Alternative Investments
Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)
Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer. FINRA Rule 2111- suitability
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.
Recover Your Investment Losses Now With Rex Securities Law
Investigation of LPL Financial and LPL Brokers
If you have suffered investment losses in an account handled by Larry Greenfield, 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.