Published on:

Larry Lavoice Has Been Terminated From Two Previous Securities Firms

Larry Lavoice

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on April 9, 2018 indicate that New York-based Revere Securities broker/adviser Larry Lavoice was discharged from his former employer in connection to alleged rule violations and has received a customer dispute. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Lavoice (CRD# 2125013).

Larry Lavoice has spent 26 years in the securities industry and has been registered with Revere Securities in New York, New York since December 2017. Previous registrations include Morgan Stanley in New York, New York (2010-2018); UBS Financial Services in New York, New York (2002-2010); Salomon Smith Barney in New York, New York (1997-2002); and Merrill Lynch in New York, New York (1991-1997). He has passed three securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on October 17, 1994; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on April 26, 1991; and Series 7 (General Securities Representative Examination), which he obtained on April 8, 1991. He is a registered broker and investment adviser with eight US states: Arizona, California, Connecticut, Florida, Maryland, New Jersey, New York, and Pennsylvania.

According to his BrokerCheck report, Larry Dean has received one customer complaint and one regulatory sanction, and he was discharged from his former employer in connection to alleged rule violations.

In December 2017 he was terminated from his position at Morgan Stanley Smith Barney in connection to allegations he executed certain transactions for non-discretionary customer accounts without speaking to the customers in advance in every case.

In 2010 he was terminated from his position at New York Stock Exchange in connection to allegations he participated in conduct that was inconsistent with just and equitable principles of trade in connection to “mutual fund market timing that resulted in mutual funds accepting certain trades that they otherwise would have rejected.” He was censured, issued a two-month suspension, and fined $25,000.

In 2008 a customer alleged Larry Dean, while employed at UBS Financial Services, recommended investments in auction rate securities prior to the widespread illiquidity in the market for auction rate securities in February 2008. The complaint settled with the firm’s repurchase of the securities at par value, for $100,000.

If you have lost money investing with Larry Dean, you may be able to recover your losses. Call Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis: Fitapelli Kurta only gets paid if and when you collect funds. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.