Former B.B. Graham & Company, Inc. broker Lawrence Krause (CRD# 275153) is accused of stock losses. He has been registered with KW Securities Corporation in Larkspur, California, since 1980. Previously, he was registered with B.B. Graham & Company, Inc. in Larkspur, California, from 2021 to 2023, when he was terminated regarding, “knowingly violated firm’s written supervisory procedures.”
Lawrence Krause Customer Complaints
He has been the subject of one customer complaint, according to his CRD report:
March 2023. “July 21, 2022, 2,500 shares SHOP purchased @ $40.37 for client’s investment advisory account. Client subsequently claimed that the representative purchased too many shares resulting in a loss which the representative was responsible for.” The case was settled for $125,000. The complaint was regarding common and preferred stock losses, and it took place while he was registered with B.B. Graham & Company, Inc.
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, B.B. Graham & Company, Inc. may be liable for investment or other losses suffered by Lawrence Krause’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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