Erez Law is interested in speaking with investors who may have suffered losses due to investments with Arete Wealth Management, LLC broker Lawrence Greenfield (CRD# 4056913). He was registered with LPL Financial LLC in Woodland Hills, California, from 2018 to 2020, and with Arete Wealth Management, LLC in Woodland Hills, California, from 2013 to 2018.
Lawrence Greenfield Customer Complaints
He has been the subject of nine customer complaints between 2015 and 2023, two of which were denied, according to his CRD report:
September 2023. “Client alleges unsuitable investment recommendations in 2017.” The customer is seeking $950,000 in damages, and the case is currently pending. The complaint was regarding alternative investment losses, and it took place while he was registered with Arete Wealth Management, LLC.
May 2023. “Client alleges unsuitable investment recommendation in March 2018.” The customer sought $100,000 in damages, and the case was settled for $43,125. The complaint was regarding alternative investment losses, and it took place while he was registered with Arete Wealth Management, LLC.
March 2023. “Customers allege unsuitable investment recommendations.” The customer is seeking $500,000 in damages, and the case is currently pending. The complaint was regarding real estate security losses, and it took place while he was registered with Arete Wealth Management, LLC.
February 2023. “Customers allege unsuitable investment recommendations in May 2017, September 2019 and January 2021.” The customer is seeking $257,500 in damages, and the case is currently pending. The complaint was regarding alternative investment losses, and it took place while he was registered with Arete Wealth Management, LLC.
June 2022. “Client alleges unsuitable investment recommendations in 2017.” The customer sought $100,000 in damages, and the case was settled for $35,000. The complaint was regarding alternative investment losses, and it took place while he was registered with Arete Wealth Management, LLC.
July 2021. “Client alleges deceptive practices and misrepresentation during sales of unspecified products.” The case is currently pending.
January 2019. “Clients allege unsuitable investment recommendations.” The case was settled for $175,000.
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, Arete Wealth Management, LLC may be liable for investment or other losses suffered by Lawrence Greenfield’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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