LAURENCE EDWARD LOF

LAURENCE EDWARD LOF is currently employed as a Broker and/or Investment Adviser at CAMBRIDGE INVESTMENT RESEARCH, INC. located at 4757 E. CAMP LOWELL DR, TUCSON, AZ, 85702.

LAURENCE EDWARD LOF has worked at CAMBRIDGE INVESTMENT RESEARCH, INC. since August 01, 2007

Disclosure History

LAURENCE EDWARD LOF has 2 Disclosure Event(s).

Date: April 05, 2012
Category: Customer Dispute
Allegations: CLIENT QUESTIONED THE SUITABILITY OF THE VARIABLE ANNUITY POLICIES THAT WERE SOLD TO HER.
Damage Amount Requested: $56,450.54
Broker Comment: CLIENT AGREED TO DIVIDE ROLLOVER IN TWO SECTIONS 1. INVEST CONSERVATIVELY TO ACHIEVE HER INCOME NEEDS 2. OPEN VARIABLE ANNUITY CONTRACTS WITH SURRENDER PERIODS FROM 0 TO 7 YEARS. THE AGREED UPON PLAN WAS TO USE LIQUID FUNDS TO PROVIDE INCOME FOR SIX YEARS, THEN THE VARIABLE ANNUITIES WOULD BE USED TO PROVIDE GUARANTEED LIFETIME INCOME. CLIENT DID NOT FOLLOW THE AGREED UPON PLAN, RR CONTACTED CLIENT TO REMIND THEM OF THE ORIGINAL PLAN AND THAT THEIR SPENDING WAS NOT SUSTAINABLE.

Date: December 27, 2004
Category: Regulatory
Initiated By: NASD
Allegations: NASD MEMBERSHIP AND REGISTRATION RULE 1031 AND NASD CONDUCT RULE 2110- DURING THE YEARS 2000 AND 2001, RESPONDENT PERMITTED AN INDIVIDUAL TO FUNCTION IN A CAPACITY REQUIRING REGISTRATION. RESPONDENT ALLOWED THE INDIVIDUAL TO SOLICIT CLIENTS FOR RESPONDENT'S FINANCIAL SERVICES BUSINESSES, INCLUDING RESPONDENT'S SECURITIES BUSINESS. RESPONDENT COMPENSATED THE INDIVIDUAL IN A MANNER THAT WAS, ENTIRELY OR IN PART, A PERCENTAGE OR PORTION OF THE SECURITIES COMMISSIONS RECEIVED BY RESPONDENT FOR TRANSACTIONS IN ACCOUNTS OF CLIENTS BROUGHT IN BY THE INDIVIDUAL. THE INDIVIDUAL DID NOT SOLICIT CLIENTS TO PURCHASE SPECIFIC SECURITIES.
Resolution: Acceptance, Waiver & Consent(AWC) SanctionDetails:
Sanctions: Civil and Administrative Penalty(ies)/Fine(s) Regulator Statement: WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, RESPONDENT CONSENTED TO THE DESCRIBED SANCTION AND TO THE ENTRY OF FINDINGS; THEREFORE, RESPONDENT IS FINED $5,000.00. FINES PAID.

More Information

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