Robert Lawson Engaged in 3 Outside Business Activities which Lona M. Nanna was Allegedly Aware of but Did Not Timely Disclose on Robert Lawson’s Form U4
Lona Nanna, from 2009 through 2016, was the person at LFC in charge of Form U4 filings and amendments for all of the firm’s Registered Reps, including its CEO, Robert Lawson, according to a Complaint from FINRA’s Department of Enforcement currently under review by attorney Alan Rosca.
Attorney Alan Rosca, of the RoscaLaw LLC firm, is investigating activity related to sales of certain bonds by the Lawson organization. Investors who believe they may have lost money in activity related to sales of certain bonds by the Lawson organization are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.
During the aforementioned period, Robert Lawson allegedly engaged in 3 outside business activities that Nanna knew about but did not timely disclose on Robert Lawson’s Form U4:
- the WP Trust;
- Westminster Development Properties, LLC;
- Gables Development Group, LLC
Said 3 outside business activities were allegedly involved in fraudulent activity by LFC and Robert Lawson concerning 4 municipal bond offerings that were the focus of a FINRA investigation, the Complaint notes.
Robert Lawson Barred by FINRA; Nanna Allegedly Did Not Update Lawson’s U4 until 2016
The aforementioned exam led to a formal disciplinary proceeding which began in May 2016 – and finished in January 2017 – with LFC allegedly being expelled and Robert Lawson being barred from the industry, according to the aforementioned Complaint from FINRA’s Department of Enforcement presently being reviewed by attorney Alan Rosca.
Nanna filed the required amendments years later stating that:
- Though Lawson had reportedly served as trustee of the WP Trust from 2008, Nanna allegedly did not update his U4 for this activity until 2016.
- Though Lawson allegedly formed Westminster in 2012, Nanna allegedly did not update his U4 for this activity until 2015.
- Though Gables was formed in 1998 and Lawson was identified as its President (and Nanna helped file Gables’ Articles of Organization with the state that same year), Nanna reportedly did not update his U4 for this activity until 2015.
FINRA has asked that Lona Nanna be ordered one or more of the following: monetary sanctions and to bear such costs of proceeding as are deemed fair and appropriate under the circumstances in accordance with FINRA Rules, the Complaint notes.
Securities Lawyer Investigating
The RoscaLaw firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating activity related to sales of certain bonds by the Lawson organization. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions, and has helped recover tens of millions of dollars on behalf of investors.
Investors who believe they lost money as a result of activity related to sales of certain bonds by the Lawson organization may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at arosca@roscalaw.com, or through the contact form on this webpage.
