Pamela Denise Lawson, Formerly of Lawson Financial Corporation, Suspended by FINRA Following Failure to Comply with Arbitration Award

INVESTORS: Former Lawson Financial Corporation broker Pamela Denise Lawson was suspended by FINRA after she failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.

Pamela Denise Lawson (CRD: 1475253) was registered as a broker with Lawson Financial Corporation, where she was employed from 1986 until 2017. 

Lawson has four disclosures on her BrokerCheck report. 

March 2021 Regulatory Judgment

Status: Final

Initiated By: FINRA

Allegations: Respondent Lawson failed to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.

Resolution: Letter

Sanctions: Suspension

Registration Capacities Affected: All Capacities

Duration: Indefinite

Duration Explanation: Continues until required payment is made or discharged.

Start Date: 5/27/2022

Regulator Statement: Pursuant to Article VI, Section 3 of FINRA By-Laws, and FINRA Rule 9554, Respondent Lawson is suspended on May 27, 2022 for failure to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance.

August 2018 Customer Dispute

Status: Award / Judgment

Allegations: Lawson was named in a customer complaint that asserted the following causes of action: civil remedy for criminal practices; conspiracy to violate Florida’s Racketeer Influenced and Corrupt Organizations (“RICO”) Act; violation of Fla. Stat. § 517.301; negligence/due diligence; negligence/suitability and overconcentration; control person liability under Section 20 of the Securities Exchange Act; negligent supervision; and common law fraud.

Damage Amount Requested: $314,107.03

Regulator Statement: This award has not been paid by or on behalf of Lawson as of May 27, 2022.

December 2016 Customer Dispute

Status: Pending

Allegations: Alleges misrepresentation on purchase of muni bond.

Damage Amount Requested: $20,000.00

Broker Comment: Pamela Lawson was not involved in the sale to the [customers]. She is named only because she is a control person.

May 2016 Regulatory Judgment

Status: Final

Initiated By: FINRA

Allegations: Lawson was named a respondent in a FINRA complaint alleging that she breached her fiduciary duties and ethical obligations owed to a trust, as a co-trustee, by failing to place the interests of the trust above her own interests. Lawson authorized and engaged in self-dealing arrangements that benefited herself, the other trustee, her member firm, other companies that the other trustee controlled, and third parties to the detriment of the trust by making more than $14 million in payments from the trust’s account.

Resolution: Decision & Order of Offer of Settlement

Sanctions: Civil and Administrative Penalty(ies)/Fine(s)

Amount: $30,000.00

Sanctions: Suspension

Registration Capacities Affected: Any Capacities

Duration: Two Years

Start Date: 2/6/2017

End Date: 2/5/2019

Regulator Statement: Without admitting or denying the allegations, Lawson consented to the sanctions and to the entry of findings that she breached her fiduciary duties and ethical obligations owed to a trust, as a co-trustee, by failing to place the interests of the trust above her own interests. The findings stated that Lawson authorized and engaged in self-dealing arrangements that benefited herself, the other trustee, her member firm, other companies that the other trustee controlled, and third parties to the detriment of the trust by making more than $14 million in payments from the trust’s account. Lawson’s actions enabled her to use, control and dissipate the assets of the trust in a manner that harmed the trust.

Broker Comment: FINRA has come to several erroneous conclusions during this investigation which will be clarified during the hearing.

The Sonn Law Group is currently investigating allegations surrounding Pamela Denise Lawson. 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.