Charles A. Laverty—Borrowing Money from Customers without Repaying Loans

Ponzi scheme recovery attorneysCharles A. Laverty Allegedly Borrowed a Total of $1,237,000 from 3 Customers but Failed to Repay Them, Contrary to His Promises

Charles A. Laverty, from October 2009 to April 2013, allegedly borrowed a total of $1,237,000 from 3 customers, but has not yet fully repaid these loans, although he had promised to do so, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Joe Peiffer and Alan Rosca.

Charles A. Laverty, allegedly borrowed a total of$1,205,000 from two married couples, known only as HG and AG and EL and LL, who were his customers, the AWC notes.

What is more, in the fall of 2013, Laverty also allegedly accepted two other loans, totaling $32,500, from a third customer, known only as JA. Laverty has previously worked at Oppenheimer and UBS Financial, both who prohibit such customer loans. The Peiffer Rosca Wolf securities lawyers are currently investigating Charles A. Laverty’s alleged refusal to repay loans given by customers.

Charles A. Laverty Allegedly Denied that he had Borrowed from Customers in Annual Questionnaires Submitted to UBS and Oppenheimer, Has Been Fined $5,000 by FINRA

Charles A. Laverty also allegedly falsely denied that he had borrowed from customers in annual questionnaires submitted to UBS in 2011 and to Oppenheimer in 2012 and 2013, and also allegedly falsely claimed in the 2012 and 2013 certifications to Oppenheimer that he had kept current information in his Form U4, according to a recent FINRA AWC currently under review by attorneys Joe Peiffer and Alan Rosca. the AWC notes.

Charles A. Laverty, by allegedly borrowing money from customers in contravention of firm policies and without firm approval, allegedly violated NASD and FINRA Rules, and, by falsely denying the loans, also violated NASD and FINRA Rules, the AWC reports.

One should also note that, according to the AWC, Charles A. Laverty neither admitted nor denied the FINRA findings.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged failure to repay customer loans, and are currently investigating Charles A. Laverty’s alleged practice of borrowing money from clients without repaying the loans.  They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Charles A. Laverty’s practice of borrowing money from clients without repaying the loans may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1144 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.