DID LAWRENCE WILTON WARREN CAUSE YOU INVESTMENT LOSSES?
About Lawrence Warren of Creative Planning?
Lawrence Warren (CRD #1694288) , located in Bismarck, North Dakota, has extensive experience in the financial services industry, spanning over three decades. His roles include working with firms such as Berthel, Fisher & Company Financial Services and Creative Planning, LLC, where he has served as an Investment Advisor Representative since 2022. Warren has passed multiple industry exams, demonstrating his expertise in securities and investment advisory services.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Lawrence Warren Customer Complaints and Reviews
Lawrence Warren has two regulatory actions and four customer disputes disclosed on his record.
- Regulatory Actions:
- Failure to Supervise and Disclosure Issues:
- Date: July 28, 2004
- Allegations: As a branch manager, Warren failed to supervise properly, maintain advertising and correspondence files, and disclose a regulatory action on his U-4 form.
- Outcome: Finalized via consent with a $20,000 civil penalty assessed jointly with his employing firm.
- Sanction: Censure and monetary penalty.
- Unsuitable Sale of a Variable Annuity:
- Date: October 20, 2003
- Allegations: Warren was alleged to have sold an unsuitable variable annuity product.
- Outcome: A $4,000 civil penalty was assessed, of which Warren personally paid $1,680.
- Sanction: Consent order with no admission of wrongdoing.
- Customer Disputes (1):
- Complaint Regarding Variable Annuity:
- Date: Arbitration filed on February 25, 2003; resolved on April 22, 2005.
- Allegations: Negligence and unsuitable recommendations regarding a variable annuity.
- Outcome: $30,000 awarded in compensatory damages, jointly and severally assigned to Warren and the firm.
- Disputes Dismissed or Closed Without Action (3):
- Three other disputes related to variable and fixed annuities were dismissed or resolved with no actions taken against Warren.
Allegations Against Lawrence Warren
The disclosures against Lawrence Warren primarily involve regulatory actions and customer disputes related to supervisory responsibilities and the suitability of investment products.
- Regulatory Actions:
- The 2004 action highlighted supervisory deficiencies, including failure to maintain documentation and approve client suitability forms.
- In 2003, an unsuitable sale of a variable annuity resulted in a civil penalty.
- Customer Disputes:
- One arbitration awarded $30,000 to a claimant alleging unsuitable investment advice.
- Other disputes, including allegations of misinformation and unsatisfactory returns, were dismissed without findings against Warren.
Lawrence Warren Employment History
- Firms Worked For:
- Creative Planning, LLC (2022–Present)
- Keystone Wealth Partners, LLC (2018–2022)
- Berthel, Fisher & Company Financial Services, Inc. (1994–2018)
- Employment History Highlights:
- Over 30 years of experience in investment advisory and supervisory roles.
- Specialization in variable annuities and financial planning.
- Registrations: Warren is currently registered as an investment advisor but is no longer a registered broker.
- Exams Passed:
- Principal/Supervisory Exam: Series 24
- General Industry/Product Exams: Series 7 and Securities Industry Essentials (SIE)
- Multi-State Securities Law Exams: Series 63, Series 65, and Series 66
Investment Advisors Owe Clients The Highest Level Of Care
Investment advisors are obligated to act as fiduciaries, prioritizing the financial interests of their clients above their own. This entails providing comprehensive disclosures about risks, fees, and potential conflicts of interest. Advisors must exercise a duty of care by recommending investments aligned with clients’ financial goals and risk tolerance. Adherence to these principles not only ensures compliance with regulatory standards but also builds trust and fosters long-term client relationships.
Option Trading Can Be Extremely Risky
Investment advisors are obligated to act as fiduciaries, prioritizing the financial interests of their clients above their own. This entails providing comprehensive disclosures about risks, fees, and potential conflicts of interest. Advisors must exercise a duty of care by recommending investments aligned with clients’ financial goals and risk tolerance. Adherence to these principles not only ensures compliance with regulatory standards but also builds trust and fosters long-term client relationships.
Lawrence Warren Red Flags & Your Rights As An Investor
Of course, Lawrence Warren did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Creative Planning on alert to review carefully the activity and performance of their accounts and question whether Lawrence Warren has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Creative Planning also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Creative Planning Due To Lawrence Warren
If you have questions about about Creative Planning and/or Lawrence Warren and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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