Lance E. Slater—Acceptance of a Customer Loan
Lance 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 Wolf Carr & Kane Securities Lawyers Often Assist Investors
The Peiffer Wolf Carr & Kane 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 Wolf Carr & Kane, Jason Kane or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at (585) 310-5140.