Lance Colby Walston of San Antonio, Texas, a stockbroker formerly registered with Dominion Portfolio Management Inc., is referenced in a customer initiated investment related written complaint that was resolved on June 8, 2021, for $150,000.00 in damages based upon accusations of Walston’s inappropriate options transactions causing losses in the customer’s Dominion Portfolio Management account between September of 2018 and December of 2018.
Walston has been identified in five additional customer initiated investment related disputes regarding allegations of his wrongdoing while employed by Dominion Portfolio Management, LPL Financial, and Raymond James Financial Services Inc. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that a customer filed an investment related complaint involving Walston’s activities in which the customer requested $223,286.41 in damages supported by accusations that the customer’s account had been mishandled and churned when Walston was registered with LPL Financial and Raymond James. According to the claim, Walston made misrepresentations to the customer regarding investments.
Walston is identified in another customer initiated investment related arbitration claim which was settled for $11,500.00 in damages founded on allegations of negligence and breach of contract concerning unit investment trust and over-the-counter equities trades by Walston at Raymond James Financial Services. According to the claim, Raymond James is accused of failure to supervise and violation of FINRA Rules. The claim also alleges fraud and breach of fiduciary duty by the stockbroker.
On November 22, 2019, an additional customer initiated investment related written complaint regarding Walston’s conduct was resolved for $82,190.82 in damages based upon accusations of Walston’s deviation from the customer’s objectives relating to investing at Dominion Portfolio Management. The customer allegedly sustained losses on Walston’s options trades. Another customer initiated investment related complaint concerning Walston’s conduct was settled on November 22, 2019, for $40,009.42 in damages supported by allegations of Walston’s failure to invest according to the customer’s objectives in 2018.
Walston is also the subject of a customer initiated investment related written complaint which was resolved on July 6, 2020, for $188,000.00 in damages founded on accusations of unsuitable options transactions while Walston was employed by Dominion Portfolio Management. According to the complaint, Walston’s failure to consider the customer’s objectives for investing resulted in losses for the customer’s account between September of 2018 and October of 2019.
Between December 18, 2009, and September 1, 2017, Walston was associated with LPL Financial as a stockbroker and investment adviser representative. Since August 18, 2017, he has been registered with Dominion Investor Services.
