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Broker Andy Lam Faces Pending Complaint with FINRA

shutterstock_45011008The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Illinois-based Corporate Investments Group broker Andy Lam (CRD# 2251678).

Andy Lam has spent 23 years in the securities industry and has been registered with Corporate Investments Group in Chicago, Illinois since 1996. Previous registrations include Corporate Securities Group in St. Louis, Missouri (1993-1996); Mathews, Holmquist & Associates (1993); and Chatfield Dean & Company in Greenwood Village, Colorado (1992-1993). He is a registered broker in California and Illinois.

According to his BrokerCheck report, Andy Lam is the subject of one regulatory sanction, two customer complaints, and one pending customer complaint.

In 2013 a customer alleged Andy Lam, while employed at Corporate Investments Group, failed to supervise his representatives in connection to alleged unsuitable trades. The customer is seeking $500,000 in damages in the pending complaint.

In 2001 the National Association of Securities Dealers (NASD) sanctioned Andy Lam following allegations he failed to properly conduct continuing education programs at his member firm, Corporate Investments Group. Mr. Lam was issued a fine of $2,500.

In 2002 a customer alleged Andy Lam, while employed at Corporate Investments Group, executed unauthorized and excessive trades, misrepresented material facts, and made unsuitable investment recommendations. The complaint resulted in an award to the customer of $1,900.

In 1999 a customer alleged Andy Lam, while employed at Corporate Securities Group, executed unauthorized trades, made unsuitable recommendations, failed to execute orders, and misrepresented material facts related to an investment. The complaint settled in 2000 for $4,800.

If you or someone you know has a complaint regarding Andy Lam, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be able to recover lost funds. Fitapelli Kurta accepts all cases on contingency: we only get paid if and when you collect money. You may have a limited window to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.