Wednesday, October 3, 2018

Laidlaw & Company Customer Alleges Excessive Trading


Craig Aaron Bonn (CRD #: 2280460), who was previously a registered representative of Laidlaw & Company (UK) Ltd. located in New York New York, has disclosed on Financial Industry Regulatory Authority (“FINRA”) BrokerCheck that a Laidlaw customer filed FINRA Arbitration #18-02628 on August 29, 2018, alleging excessive trading and unsuitability.

Bonn’s BrokerCheck records show that the customer alleged Bonn to have made unsuitable stock trades, and traded excessively in the customer’s account between 2008 and 2016. At least $228,128.47 in damages have been requested by the customer as a result of Bonn’s alleged sales practice violations.

In addition, Bonn also disclosed that FINRA Arbitration #14-00033 was filed by a Laidlaw customer on January 17, 2014. Bonn was accused of giving the customer poor advice regarding equities and limited partnership interests or direct participation programs. Laidlaw resolved the customer’s allegations by paying the customer $325,000.00 in damages.

On March 23, 2004, Bonn was alleged in a complaint to have made unsuitable investments in the account of a Sands Brothers & Co. customer. The customer alleged that it was inappropriate for the customer to have been placed in certain equities. That complaint has not been pursued by the customer as of August 6, 2004.

Bonn is presently a registered representative of National Securities Corporation.

If you believe you are a victim of sales practice violations such as those alleged to have been committed by Craig Aaron Bonn, contact the Law Office of Peter M. Spett for a complimentary consultation to evaluate your legal rights and claims.

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