Lance E. Slater—Acceptance of a Customer Loan

investors rights attorneysLance E. Slater Allegedly Accepted a Customer Loan Which Led to a FINRA Investigation

Lance E. Slater allegedly accepted a customer loan while associated with Morgan Stanley, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC).

Lance E. Slater, on December 31, 2015, during the course of an investigation into allegations that Slater accepted a loan from a customer, received a FINRA request asking Slater to provide documents and information, pursuant to FINRA Rules., the AWC reports.

Lance E. Slater was terminated by Morgan Stanley on November 9, 2015.

Lance E. Slater Barred by FINRA after He Allegedly Failed to Provide Documents and Information as Requested during the Course of a FINRA Investigation

Lance E. Slater allegedly acknowledged that FINRA has sent him requests pursuant to FINRA Rules, and subsequently also purportedly acknowledged that he would neither produce the requested documents and information nor appear for on-the-record testimony at any time, according to said AWC.

Lance E. Slater, by allegedly refusing to produce documents and information and to appear for on the-record testimony as requested pursuant to FINRA Rules, violated FINRA Rules, the AWC reports.

Slater, as a result, violated FINRA Rules, and hence, has been barred by FINRA, the AWC notes.  One should also note that, according to the AWC, Lance E. Slater neither admitted nor denied the FINRA findings.

The Peiffer Rosca Wolf Securities Lawyers Often Assist Investors

The Peiffer Rosca Wolf securities lawyers assist investors who lose money as a result of brokers accepting customer 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 brokers accepting customer loans are encouraged to 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 (1159 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.