CHARLES PAUL LAZZARO

CHARLES PAUL LAZZARO is currently employed as a Broker and/or Investment Adviser at WEDBUSH SECURITIES INC. located at 1200 PROSPECT STREET SUITE 350, LA JOLLA, CA, 92037.

CHARLES PAUL LAZZARO has worked at WEDBUSH SECURITIES INC. since May 02, 2008

Disclosure History

CHARLES PAUL LAZZARO has 9 Disclosure Event(s).

Date: July 16, 2003
Category: Customer Dispute
Allegations: BREACH OF FIDUCIARY DUTY, FRAUD, NEGLIGENCE, VIOLATION OF CONSUMER LEGAL REMEDIES ACT, ELDER ABUSE
Damage Amount Requested: $322,000.00
Settlement Amount: $128,000.00
Broker Comment: MR. LAZZARO WAS NAMED AS A PARTY IN THE CASE ONLY BECAUSE HE IS A PRINCIPAL OF THE FIRM

Date: June 27, 2003
Category: Customer Dispute
Allegations: FAILURE TO SUPERVISE
Damage Amount Requested: $190,000.00
Settlement Amount: $285,000.00
Broker Comment: RESPONDENT LAZZARO DENIES ALL ALLEGATIONS. 10/8/2004 THREE CLAIMANTS AND RESPONDENTS HAVE ENTERED INTO A CONFIDENTIAL SETTLEMENT AGREEMENT. CLAIMANTS AND CLAIMANT COUNSEL RECOMMENDING EXPUNGMENT OF MATTER.

Date: April 27, 2003
Category: Customer Dispute
Allegations: FAILURE TO SUPERVISE
Damage Amount Requested: $99,900.00
Settlement Amount: $150,000.00
Broker Comment: LAZZARO WAS DISMISSED AS PART OF THE SETTLEMENT WITH PREJEDICE

Date: February 26, 2003
Category: Customer Dispute
Allegations: BREACH OF FIDUCIARY DUTY, FRAUD, NEGLIGENCE, VIOLATION OF CONSUMER LEGAL REMEDIES ACT, ELDER ABUSE
Damage Amount Requested: $225,000.00
Settlement Amount: $110,000.00
Broker Comment: MR. LAZZARO WAS NAMED AS A PARTY IN THE CASE ONLY BECAUSE HE IS A PRINCIPAL OF THE FIRM. HE DENIES ALL ALLEGATIONS

Date: December 18, 2002
Category: Customer Dispute
Allegations: FAILURE TO SUPERVISE, BREACH OF FIDUCIARY DUTYNEGLIGENT MISREPRESENTATION AND OMISSION
Damage Amount Requested: $117,000.00
Settlement Amount: $25,000.00
Broker Comment: MR. LAZZARO WAS DISMISSED AS PART OF THE SETTLEMENT.

Date: November 05, 2002
Category: Customer Dispute
Allegations: FAILURE TO SUPERVISE, BREACH OF FIDUCIARY DUTY; SEC BROKERAGE MALPRACTICE, COMMON LAW FRAUD/NY
Damage Amount Requested: $150,000.00
Settlement Amount: $56,000.00
Broker Comment: WITHOUT ADMITTING OR DEYNING, THE BROKER SETTLED WITH THE CLIENT. I WAS DISMISSED FROM THE CASE

Date: November 03, 1999
Category: Customer Dispute
Allegations: UNAUTHORIZED TRADE BY BROKER DREW CHALMERS, FAILURE TO SUPERVISE.
Damage Amount Requested: $29,913.84
Settlement Amount: $21,000.00
Broker Comment: 01/31/2001. RESPONDENT ENTERED DISMALL AGREEMENT WITH CLAIMANT. FIRM SETTLED WITH CLAIMANT FOR $21000.00 AND REACH A SETTLEMENT PRIOR TO ARBRITRATION HEARING

Date: August 17, 1983
Category: Customer Dispute
Allegations: BREACH OF FID DUTY/MISREPRESENTATION/ACCT RELATED NEGLIGENCE CONCEALMENT
Damage Amount Requested: $29,353.50 Damages Granted: $17,723.00
Broker Comment: [CUSTOMER] WAS AWARDED $17,723.00 ($12,254.00 IN DAMGAGES + INTEREST) ON 9/9/87 FOR HER CLAIM THAT THERE WAS A BREACH OF FIDUCIARY DUTY AND NEGLIGENCE; INTENTIONAL FRAUDULENT REPRESENTATION AND CONCEALMENT IN REGARD TO PURCHASE OF T.O.N.M. OIL AND GAS EXPLORATION STOCK. LAZZARO WAS NOT ASKED TO CONTRIBUTE TO THE AWARD.

Date: December 10, 1982
Category: Customer Dispute
Allegations: VIOLATION OF SECURITIES LAWS, BREACH OF FIDUCIARY DUTY, FRAUD AND DECEIT, VIOLATION OF CALIFORNIA CORPORATIONS CODE, AND NEGLIGENT MISREPRESENTATION.
Damage Amount Requested: $2,000,000.00
Settlement Amount: $129,000.00
Broker Comment: THE COMPLAINT WAS SETTLED ON MAY 9,1986 FOR $129,000.00. PAYMENT OF THE SETTLEMENT AMOUNT WAS MADE ON JUNE 16, 1986.

More Information

All individuals registered to sell securities or provide investment advice are required to disclose customer complaints and arbitrations, regulatory actions, employment terminations, bankruptcy filings and criminal or civil judicial proceedings.

A disclosure includes information about customer disputes, disciplinary events and financial matters on the broker's record as reported by securities regulators, the individual broker, and any involved firms. Some of these items may involve pending actions or allegations that have not been resolved or proven. The presence of a disclosure does not automatically indicate any wrongdoing.

BrokerCheck is the source of the data included in this Report. The data was compiled on June 29, 2018.

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