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Lawrence Brockman Fired from Moors & Cabot After Allegedly Violating Firm Lending Policy

Lawrence Brockman (CRD #: 1126810), a broker formerly registered with Moors & Cabot, was fired from the firm, according to his BrokerCheck record, accessed on November 11, 2022. Read on if you want to know more about his conduct as a broker.

Termination from Moors & Cabot

On October 4, 2022, Lawrence Brockman was fired from Moors & Cabot for allegedly violating the firm’s Written Supervisory Procedures (WSPs) related to borrowing from and lending to clients. Brokers are supposed to disclose any such financial arrangements to their firms. 

FINRA Rule 3240

FINRA Rule 3240 defines the conditions under which brokers can lend to or take out loans from clients. 

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of FINRA Rule 3240 may also violate FINRA Rule 2010. 

Background Information

Lawrence Brockman has passed the following exams:

  • Series 65 – Uniform Investment Adviser Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 5 – Interest Rate Options Examination
  • Series 7 – General Securities Representative Examination

He has also worked for the following firms:

  • Moors & Cabot (CRD#:594)
  • Morgan Stanley (CRD#:149777)
  • Citigroup Global Markets (CRD#:7059)
  • Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691)

Kurta Law Can Help

If you worked with Lawrence Brockman and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf. 

 

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