Brokerage Firm Review: Ladenburg Thalmann & Co. Inc

Information for Current and Former Investors of Ladenburg Thalmann & Co. Inc

Ladenburg Thalmann & Co. Inc (CRD#: 505/SEC#: 8-17230) is a registered broker-dealer.

Overseen by the Financial Industry Regulatory Authority (FINRA), Ladenburg Thalmann & Co. has its principal office in New York, NY and it is licensed to operate in 53 U.S. jurisdictions.

According to information obtained from BrokerCheck, this firm has 50 total disclosures on its record, including 36 regulatory events and 14 FINRA arbitration proceedings.

At Sonn Law Group, our FINRA arbitration lawyers are currently investigating claims involving Ladenburg Thalmann & Co. Inc, including allegations that its brokers sold fraudulent GPB Capital securities to unsuspecting investors.

Here, you will find an overview of recent complaints and sanctions related to this firm. In addition, we keep an updated list of news stories pertaining to Ladenburg Thalmann & Co. brokers and financial advisors.

Ladenburg Thalmann & Co: Notable Investor Complaints and Regulatory Sanctions

Brokers Allegedly Sold GPB Capital Holdings

Ladenburg Thalmann & Co is one of more than six dozen brokerage firms that are being investigated for allegedly offering GPB Capital Holdings securities to investors. GPB is a risky private placement investment. Currently, GPB Capital is the target of a massive Ponzi scheme investigation. The following GPB funds have been implicated:

• GPB Automotive Portfolio;
• GPB Holdings II;
• GPB Holdings III;
• GPB Holdings Qualified;
• GPB Cold Storage;
• GPB NYC Development; and
• GPB Waste Management Fund.

If you are a Ladenburg Thalmann & Co customer and you were sold GPB Capital securities, you should contact an experienced investment fraud lawyer immediately. Financial advisors and broker-dealers have a duty to recommend suitable products to their customers. Ladenburg Thalmann & Co may be liable for investment losses suffered in GPB Capital financial products.

FINRA Arbitration Award: Broker Negligence

In September of 2017, a FINRA arbitration panel in Philadelphia, PA heard a complaint against Ladenburg Thalmann & Co. Among other things, the investor alleged that the brokerage firm was negligent and that it breached the terms of an investment contract. After reviewing the allegations and the evidence raised in the complaint, the arbitration panel awarded the customer $358,200 in financial compensation.

FINRA Arbitration Award: Excessive Trading

In 2008, a FINRA arbitration panel based in New York City ordered Ladenburg Thalmann & Co. to pay $9,998.00 in financial compensation to an investor. The investor alleged multiple causes of action, including unsuitable investment recommendations, broker negligence, improper use of margin, failure to supervise, excessive trading.

Also often called ‘churning’, excessive trading occurs when a broker or financial advisor makes so many transactions on behalf of an investor that it becomes mathematically unlikely, or impossible, for the investor not to lose money.

At Sonn Law Group, our dedicated investor losses attorneys have an extensive record of success representing investors throughout the United States. If you or your loved one suffered substantial investment losses working with Ladenburg Thalmann & Co. Inc, we are ready to help. For a free, completely private initial consultation, please contact our law office right away.