Allegations Of Excessive Trading Against Broker Debra Lambert

Debra Rae Lambert (CRD: 2238553) is a previously registered broker and investment advisor whose last employer was Raymond James & Associates, Inc. (CRD#:705) of The Villages, FL. Previous employers include Merrill Lynch, Pierce, Fenner & Smith Incorporated (CRD#:7691), A. G. Edwards & Sons, Inc. (CRD#:4, both of Smithtown, NY, and Merrill Lynch, Pierce, Fenner & Smith Incorporated (CRD#:7691) of New York, NY. No current employment information is available. She has been in the industry since 1992.

Lambert is the subject of three customer disputes, the most recent of which is currently pending. Filed on 9/13/18, it alleges “excessive trading, unsuitable investment recommendations and misrepresentation from 2007 until May 2014.”  No dollar amount of requested damages is available, and there are no updates.

A previous dispute that requested damages of $135,000 was closed with no action. In it, the client alleged “breach of regulatory requirement section 2090 of FINRA’s conduct rules, breach of fiduciary duty, unsuitable investments, misrepresentations and omissions, over-concentration, breach of contract, negligence and gross negligence, and churning.”

Lambert’s first customer dispute was filed on 2/13/15, and had similar allegations of “unsuitable investment recommendations, unauthorized trading and excessive trading from June 2011 to April 2014.” The client requested damages of $326,515.64, and the claim was settled for $47,000. No additional information is available.

Did You Invest With Debra Rae Lambert?

Silver Law Group is a Florida based law firm that has represented many investors in the Villages located in central Florida and considered to be one of the country’s largest retirement communities. The Florida Villages has been the target of many financial advisors because of the large community of retirees and others seeking income or safe investments.

Silver Law Group represents investors in securities and investment fraud cases. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide to help recover investment losses due to stockbroker misconduct. If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases are handled on a contingent fee basis, meaning that you won’t owe us until we recover your money for you. Contact us today and let us know how we can help.