Peter Thomas Lawrence of Hauppauge, NY, a stockbroker registered with American Portfolios Financial Services Inc., is the subject of a customer initiated investment related complaint filed on January 25, 2024, in which the customer requested compensation based upon allegations that Lawrence forged signatures in connection with a variable annuity sale in 2023 when Lawrence was associated with American Portfolios Financial Services Inc.
Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Lawrence is referenced in seven other customer initiated investment related disputes concerning Lawrence’s conduct while associated with securities broker dealers. On September 25, 2023, a customer filed an investment related FINRA securities arbitration claim involving Lawrence’s conduct in which the customer requested $100,000.00 in damages based upon allegations that Lawrence provided inaccurate portfolio summaries, made unsuitable recommendations, and breached his fiduciary duty to the customer in connection with the sale of variable and fixed annuities during the time that Lawrence was associated with American Portfolios Financial Services Inc. FINRA Arbitration No. 23-02596.
On September 27, 2023, another customer filed an investment related complaint involving Lawrence’s conduct in which the customer requested $80,000.00 in damages based upon allegations that Lawrence made misrepresentation of material fact in connection with the sale of a variable annuity in 2015 when Lawrence was associated with Questar Capital Corporation.
On January 18, 2024, a customer initiated investment related complaint involving Lawrence’s conduct was settled for $12,150.00 in damages based upon allegations that Lawrence misrepresented material facts and made unsuitable recommendations in variable annuities during the time that Lawrence was associated with American Portfolios Financial Services Inc.
Lawrence is also referenced in a customer initiated investment related complaint that was settled on January 16, 2024, for $24,500.00 in damages based alleged unsuitable advice and misrepresentations in connection with the sale of variable annuities when Lawrence was associated with American Portfolios Financial Services Inc.
Lawrence is also referenced in a customer initiated investment related complaint filed on November 7, 2023, in which the customer requested $12,347.85 in damages based upon allegations that Lawrence made omissions of material fact on a disclosure form used for the purchase of a variable annuity in 2023. The complaint also alleged that the customer did not sign the disclosure form.
On December 22, 2023, another customer filed an investment related complaint involving Lawrence’s conduct in which the customer requested compensation based upon allegations that Lawrence misrepresented annuity information and provided unsuitable advice to the customer.
Lawrence was associated with American Portfolios Financial Services Inc. in Hauppauge, New York, from January 8, 2019, to November 21, 2023. He was discharged for allegedly providing unapproved and inaccurate statements to a customer. Lawrence was previously associated with Questar Capital Corporation in Hauppauge, New York, from December 1, 2006, to January 11, 2019.
