Investor Alert: Innovation Partners LLC was censured and fined $60,000 for failing to establish, maintain and enforce a supervisory system
/FINRA Sanctions & Allegations of Misconduct
FINRA barred Yanique Elaine Lawrence (CRD #3234186) (CRD#46439) of Innovation Partners LLC (CRD #146344), Charlotte, North Carolina, for failing to establish, maintain and enforce a supervisory system reasonably designed to ensure that unregistered and/or statutorily disqualified individuals were not acting in a capacity that required registration or that individuals no longer associated with the firm did not have access to its systems. He also failed to timely provide documents and information to FINRA in response to its requests.
Lawrence was barred from association with any FINRA member in any principal capacity, assessed a deferred fine of $20,000 and suspended from association with any FINRA member in all capacities for six months. While Innovation Partners LLC was censured, fined $60,000 and required to certify that it has reviewed and revised, as necessary, its systems, policies, and procedures regarding preventing unregistered persons.
Investors Have the Right to Recover Their Losses
When investments are sold by brokerage firms licensed by FINRA, they are subject to the laws that FINRA enforces. The brokerage firms are responsible for ensuring that their brokers are trading fairly, ethically and in the best interest of their clients. Ideally, they would accomplish this through careful supervision. Unfortunately, too often this supervision has been inadequate to fully protect investors. If you purchased any investments through a representative of a registered brokerage firm and suffered losses through negligence or fraud, it immediately puts the brokerage firm at fault for failing to supervise their broker. FINRA law then dictates that you can hold the firm legally liable to recover your damages.
Can I recover my investment losses?
If you lost a substantial portion of your retirement savings or other assets as a result of investments purchased through Yanique Elaine Lawrence or Innovation Partners LLC, please contact us immediately. Our investment fraud lawyers have recovered millions of dollars from the largest banks, insurance companies, and brokerage firms in the world on behalf of investment fraud victims. You may have certain legal rights that require your immediate attention. Time is of the essence in these claims. The sooner you act, the greater your chances of recovering your investment losses. Don't wait. Contact us TODAY for a FREE Consultation and case evaluation. We will tell you if you have a viable claim worth pursuing.