Adrian S. Lauer, a former Securities America broker entered into a Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA). Lauer was accused of failing to disclose outside business activities to his member firm. Allegedly, from April 2011 until March 2014, he participated in an advisory business and worked as a webmaster for a college alumni club, at the same time being employed with Securities America. According to his AWC, Mr. Lauer failed to disclose his participation in these businesses. For this, he was suspended for 60 days and fined $5,000.
Mr. Lauer was registered with IDS Life Insurance Company in Minneapolis, Minnesota, America Express Financial Advisors in Minneapolis, The O.N. Equity Sales Company in Fort Wayne, Indiana, Cambridge Investment Research Inc. in Fort Wayne and Securities America in Fort Wayne. He is not currently registered with any firm. If you invested money with Adrian S. Lauer, please call our securities law firm based in Chicago at 312-332-4200. We can help you discuss your options of suing Securities America for not reasonably supervising Mr. Lauer while he was employed there. The call is free.