Lawrence Randolph Roberson—Material Misrepresentations and Omissions in the Sale of Bonds

New Orleans stockbroker fraud attorney

New Orleans stockbroker fraud attorney

Lawrence Randolph Roberson Allegedly Made Material Misrepresentations and Omissions in the Sale of a Bond Debenture to a Customer when the Purported Investment Was Not an Authentic Security

Lawrence Randolph Roberson allegedly made material misrepresentations and omissions in the sale of a bond debenture to a customer when the purported investment was not a genuine security, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC) currently under review by Cleveland attorneys Alan Rosca and James Booker.

Roberson also allegedly did not invest the aforementioned customer’s funds in the non-existent bond debenture but rather converted the funds to pay off personal expenses, said AWC goes on to note.

The Peiffer Rosca Wolf securities lawyers are currently investigating Lawrence Randolph Roberson Christopher Tolmacs’s alleged private securities transactions without proper approval.

Lawrence Randolph Roberson Barred by FINRA

Lawrence Randolph Roberson allegedly recommended and sold a WMG 2015 Bond Debenture issued by Roberson’s investment advisory firm, Wealth Management Group, Inc to his investment advisory customer, known only as TT, according to the aforementioned AWC currently under review by attorneys Alan Rosca and James Booker.

The AWC, however, goes on to note that the WMG 2015 Bond Debenture allegedly did not exist, and furthermore reports that by obtaining $40,000 from TT under the veil of a WMG Bond Debenture investment and using the funds to pay for personal expenses, Roberson purportedly converted customer funds in violation of FINRA Rules.

Hence, based on the aforementioned behavior, Roberson has been barred by FINRA. One should also note that, according to the AWC, Lawrence Randolph Roberson 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 unauthorized transactions and are currently investigating Lawrence Randolph Roberson’s alleged material misrepresentations and omissions. 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 Lawrence Randolph Roberson’s alleged material misrepresentations and omissions may contact the Cleveland securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1174 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.