Wade Lawrence— Misappropriation of Client Funds

investment fraud attorneysWade Lawrence Allegedly Misappropriated Client Funds, Collecting More than $2 Million from Would-be Investors

Wade Lawrence allegedly misappropriated client funds, and collected more than $2 million from would-be investors, according to FINRA Documents currently under review by attorneys Joe Peiffer and Alan Rosca.

Wade Lawrence, of Lubbock, TX, formerly worked in the Lubbock office of Merrill Lynch, Pierce, Fenner & Smith from January 2003 to June 2008, and from June 2008 through July 2011 was a broker at Oppenheimer’s Dallas office, also faces charges that he allegedly he failed to pay back $1 million in loans from private individuals, FINRA also reports.

The Peiffer Rosca Wolf investor rights attorneys are currently investigating Wade Lawrence for allegedly misappropriating client funds.

Wade Lawrence Permanently Barred by FINRA

Wade Lawrence allegedly told clients that he was going to invest their cash in high-risk, high-reward offerings as measured by Chicago Board Options Exchange, and also claimed he was going to put their money in Southwest Securities and Facebook, purportedly promising returns of 20 to 100 percent, according to FINRA documents currently under review by attorneys Joe Peiffer and Alan Rosca.

As a result of his alleged misconduct, Wade Lawrence agreed in February that he would give up his license as he failed to appear to give testimony as requested by FINRA, according to FINRA Documents.

Finally, Wade Lawrence has been permanently barred from dealing with FINRA-licensed firms after he allegedly failed to appear for an on-the-record interview with regulators regarding a tip that he had misappropriated client funds, FINRA also notes.

Investor Rights Lawyers Investigating

The Peiffer Rosca Wolf investor rights attorneys often represent investors who lose money as a result of allegedly misappropriating client funds. They are currently investigating Wade Lawrence for allegedly misappropriating client funds. 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 Wade Lawrence for allegedly misappropriating client funds may contact the investor rights attorneys 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 (1163 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.