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Claimants allege that former LFS Registered Representative Barry Horowitz improperly referred Claimants to an individual who was a known fraudster and who solicited Claimants into purchasing a promissory note. Claimants allege total damages in excess of $999,999.
Settlement Amount
$110,000.00
5/1/2019
Customer Dispute
Settled
Allegations
Claimants allege that former LFS Registered Representative Barry Horowitz improperly referred Claimants to an individual who was a know fraudster and who solicited Claimants into purchasing a promissory note. Claimants allege total damages in excess of 2.4 million.
Damage Amount Requested
$2,400,000.00
Settlement Amount
$1,200,000.00
License(s)
The broker is not currently registered with any state or SRO.
Disclosures can be customer complaints or arbitrations, regulatory actions, employment terminations, bankruptcy filings and certain civil or criminal proceedings that they were a part of.
Disclosures can be customer complaints or arbitrations, regulatory actions, employment terminations, bankruptcy filings and certain civil or criminal proceedings that they were a part of.