Lanny Howarter, Broker with Crown Capital Securities, Facing Customer Dispute Claiming Over $600K in Damages

Howarter is accused of recommending unsuitable investments and negligence, among other forms of misconduct.

The Sonn Law Group is investigating allegations that Lanny Howarter committed misconduct. If you or a family member has suffered losses investing, we want to discuss your case. Please contact us today for a free review of your case.

Lanny Howarter (CRD#:813591) is currently registered as a broker and investment adviser for Crown Capital Securities in San Diego, CA, where he has been employed since 2009. Previously, Howarter was registered as a broker and investment adviser with Signator Investors from 2006 until 2009. 

Howarter has four disclosures on his BrokerCheck report.

November 2020 Customer Dispute

• Status: Pending
• Allegations: Customer alleges lack of suitability, negligence, omission of material fact (illiquid nature of investments) and breach of fiduciary duty regarding investments in alternative investment products.
• Damage Amount Requested: $624,616.00

November 2017 Customer Dispute

• Status: Settled
• Allegations: Client alleges lack of suitability, fraud, breach of fiduciary duty, negligence and failure to supervise relating to the purchase of various alternative investments.
• Damage Amount Requested: $499,000.00
• Settlement Amount: $122,000.00
• Broker Comment: I provided the clients with a portfolio that was suitable and appropriate for them given their investment needs, risk tolerance and time horizon.

March 2010 Customer Dispute

• Status: Settled
• Allegations: Suit alleges untrue statements in sale of securities in violation of CA Corporations Code Section 25401, violations of CA Corporations Code Section 25504.1, fraud, intentional misrepresentation, negligent misrepresentation, breach of fiduciary duty, and constructive fraud with respect to sales of a limited partnership program in 2000, 2002, 2004, and 2006.
• Damage Amount Requested: $400,000.00
• Settlement Amount: $250,000.00

March 2004 Customer Dispute

• Status: Settled
• Allegations: Client alleges the representative made unsuitable recommendations and misrepresented the product.
• Damage Amount Requested: $388,579.00
• Settlement Amount: $95,000.00
• Broker Comment: Representative’s errors & omission carrier paid $44,500.00; Mr. Howater paid a $500.00 deductible and the firm paid $40,000. This matter was settled to avoid the expense and uncertainties of arbitration.

Contact Us Today

The Sonn Law Group is currently investigating allegations that Lanny Howarter committed misconduct. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.