Lona Nanna – Outside Business Activities

California stockbroker fraud attorneyLona M. Nanna Allegedly Knew about Outside Business Activities Engaged in by Robert Lawson; Nanna Allegedly Failed to Make Timely Updates to Lawson’s Securities Industry Registration Form

Lona Nanna, from 2009 through 2016, allegedly knew about outside business activities engaged in by Robert Lawson, the CEO of Lawson Financial Corporation’s (LFC), according to a Complaint from FINRA’s Department of Enforcement currently under review by attorneys Alan Rosca and James Booker.

Peiffer Rosca Wolf securities practice lawyers are investigating sales of certain bonds by the Lawson organization and have filed a class action on behalf of Brogdon bond investors.

Investors who believe they may have lost money in activity related to Lona Nanna’s outside business activities are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.

Lona Nanna was allegedly responsible for filing a Uniform Application for Securities Industry Registration or Transfer Form U4, according to the aforementioned Complaint.

Nanna, however, allegedly registered the filings years late and only purportedly following FINRA’s commencement of an investigation into alleged fraudulent activity that involved the outside business activities, the Complaint notes.

Robert Lawson Allegedly Engaged in Three Outside Business Activities, the WP Trust, Westminster Development Properties, LLC and Gables Development Group, LLC; Nanna Allegedly Knew about Said Activities but Purportedly Did Not Timely Disclose Them

Robert Lawson, from 2009 through 2016, allegedly engaged in three outside business activities, the WP Trust, Westminster Development Properties, LLC and Gables Development Group, LLC, according to the aforementioned Complaint from FINRA’s Department of Enforcement presently being reviewed by attorneys Alan Rosca and James Booker.

The WP Trust, Westminster, and Gables were all allegedly involved in fraudulent activity by LFC and Robert Lawson concerning four municipal bond offerings that were the focus of a FINRA investigation which resulted in the start of a formal disciplinary proceeding in May 2016, the Complaint reports.

Nanna was allegedly aware of said activities but did not timely disclose on Robert Lawson’s Form U4, the Complaint states.

FINRA has asked that Lona Nanna be ordered one or more of the following: monetary sanctions and to bear such costs of proceeding as are deemed fair and appropriate under the circumstances in accordance with FINRA Rules, the Complaint notes.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged investment fraud and are currently investigating sales of certain bonds by the Lawson organization and have filed a class action on behalf of Brogdon bond investors. 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 Lona Nanna’s outside business activities may contact the 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 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

Alan Rosca (1206 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.