stock fraud

Lance Roman Armstrong of Columbia New Jersey a stockbroker formerly registered with Raymond James Financial Services Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity based upon consenting to findings that Armstrong neglected to comply with a FINRA investigation into allegations of his outside business activities and his solicitation of customer loans without authorization from Raymond James. Letter of Acceptance Waiver and Consent No. 2019061580601 (Nov. 12, 2019).

According to the AWC, on October 8, 2019, Armstrong was asked by FINRA to provide recorded testimony regarding the accusations of his misconduct. Armstrong was expected under Rule 8210 to provide recorded testimony for the regulator on October 25, 2019. The AWC stated that ten days prior to Armstrong’s scheduled appearance, FINRA received word from him that he would at no point testify. FINRA found that Armstrong’s failure to testify, which impeded the regulator’s ability to determine if he engaged in unauthorized transactions, was violative of FINRA Rules 2010 and 8210 resulting in the stockbroker being barred from the securities industry.

Armstrong was discharged by Raymond James on February 8, 2019 supported by allegations of him soliciting loans from Raymond James customers and taking loans from those customers through a business activity that occurred outside of Raymond James’ auspices and without the securities broker dealer’s permission.

The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.

Questions or comments regarding the source or accuracy of any information, including any subsequent developments, should be directed to:  [email protected]

This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer.

Guiliano Law Group, P.C.

Our practice is limited to the representation of investors. Over the last three decades, we have recovered more than a hundred million dollars for more than 1,000 injured investors from all over the United States and several foreign countries. We accept representation purely on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a confidential consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.

For more information concerning common claims against stockbrokers and investment professionals, please visit us at

To learn more about FINRA Securities Arbitration, and the legal process, please visit us at

Stockbroker Fraud. Securities Arbitration and Investment Fraud Lawyers.  
National Practice. Contingent Fee. Confidential Free Consultation.

 (877) SEC-ATTY

1700 Market Street, Suite 1005
Philadelphia, PA 19103
Direct: (215) 413-8223
Toll Free: (877) 732-2889

1260 South Soto Street, Suite 7
Los Angeles, California 90023
Direct: (213) 255-3475
Toll Free: (877) 732-2889

2750 NE 185th Street, Suite 302
Aventura, Florida 33180-2877
Direct: (786) 490-2413
Toll Free: (877) 732-2889

See Important Disclaimer

Tags: ,

No comments yet.

Leave a Reply

Name (required)

Email (will not be published) (required)