Lawrence Goldstein

Date:

December 10, 2020

Type of alert:

FINRA AWC  

Former general securities representative, Lawrence (Larry) Goldstein recently consented to a bar from associating with member firms of the Financial Industry Regulatory Authority (FINRA) for failing to provide on-the-record testimony regarding alleged unsuitable excessive trading in a customer’s account.

According to his FINRA BrokerCheck report, Goldstein was associated with McNally Financial Services Corporation in Sparks, Nevada from April 2010 to February 2020 when the firm terminated his association with the firm and with FINRA.

In October 2020, FINRA Department of Enforcement staff sent Goldstein a request for on-the-record testimony, pursuant to FINRA Rule 8210, in connection with allegations that he had engaged in unsuitable excessive trading in a customer’s account. Shortly after receiving this request, Goldstein contacted FINRA staff and stated that he would not appear for this testimony. Thus, Goldstein violated FINRA 8210 and 2010.

Without admitting or denying allegations made against him, Lawrence Goldstein consented to a bar from associating with any FINRA member firm in all capacities.

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