Were you the victim of SA Stone Wealth Management Inc. broker Lawrence Waller II (CRD# 3232644)? He has been registered with Stonex Securities Inc. in Atlanta, Georgia, since 2014. He was registered with the following brokerage firms:
- Sterne Agee Investment Advisor Services, Inc. in Decatur, Georgia, from 2007 to 2015
- WRP Investments, Inc. in Decatur, Georgia, from 2007 to 2014
- Securities America Advisors, Inc. in Decatur, Georgia, from 2005 to 2007
- H.D. Vest Advisory Services, Inc. in Decatur, Georgia, from 2004 to 2005
He was terminated from HD Vest regarding, “discretionary trading within fee based account. rep was told by Vest representative their fee based program provided discretionary trading of stocks.”
Lawrence Waller II Customer Complaints
He has been the subject of three customer complaints between 2007 and 2023, two of which were closed without action, according to his CRD report. The most recent complaint was regarding:
November 2023. “Claimant alleges breach of fiduciary duty caused by failure to properly asset allocate and diversify assets.” The customer is seeking $135,000 in damages, and the case is currently pending. The complaint was regarding common and preferred stock losses and investment advisor accounts, and it took place while he was registered with SA Stone Wealth Management 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, SA Stone Wealth Management Inc. may be liable for investment or other losses suffered by Lawrence Waller II’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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