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Patrick Lam Allegedly Violated Regulation Best Interest

Patrick Lam (CRD #: 4723020), a broker registered with Emerson Equity, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on October 22, 2025. Keep reading if you have questions regarding his alleged conduct.

Investor Allegations

On October 2, 2025, an investor alleged that Patrick Lam engaged in common law fraud and negligence. He allegedly violated federal securities laws.

On August 27, 2025, an investor alleged that Patrick Lam breached his contract and warranties. He also allegedly violated the Consumer Protection and Deceptive Trade Practices Act and Regulation Best Interest.

According to allegations filed on August 5, 2025, an investor alleged that Patrick Lam violated Regulation Best Interest.

Regulation Best Interest

Regulation Best Interest (Reg-BI) is an SEC regulation that requires brokerage firms to put their clients’ best interests first. For example, firms must conduct reasonable due diligence when researching investments to ensure their recommendations are suitable for the investor.

Background Information

Patrick Lam has passed the following exams:

  • Series 63 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 

He is a registered broker in 26 states.

Since 2012, Patrick Lam has registered with the following firms:

  • Ascent Real Estate Securities (CRD #: 146547)
  • Nationwide Investment Services Corporation (CRD #: 7110)
  • Griffin Capital Securities (CRD #: 37739)
  • JP Morgan Institutional Investments (CRD #: 102920)
  • Sandlapper Securities (CRD #: 137906)

Kurta Law Can Help

If you worked with Patrick Lam 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 that 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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