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Jamie Lasiter Of State Farm VP Management Has A Customer Complaint For Alleged Broker Misconduct

Who is Jamie Lasiter of State Farm VP Management?

Jamie Lasiter (CRD #4262850) who is currently registered with State Farm VP Management and located in Nacogdoches, Texas is a subject of one of our many securities industry sales practice abuse investigations.

Jamie Lasiter Customer Complaint

Jamie Lasiter has been the subject ofat least one customer complaint that we know about. According to Jamie Lasiter:

“The allegations made in the FINRA reported customer complaint for investment losses were [redaction] is an insurance customer with my office. One of my team members, Lydia Rangel, took money from him from January 2012 to December of 2016. She worked with him solely because he spoke Spanish and trusted her with his insurance as well as his personal bills. She would go to [redaction] and tell him he owed money on his insurance premiums and he would give her blank checks he had signed or make them out to her for the amount she requested. Over the 4 year period, he gave her $345,000 in checks that she cashed and pocketed the money. Lydia would also use his bank account information and make eft payments on her own insurance policies here at the office. The amount of these transactions was $60,384. 89. State Farm accounted for the eft payments and my business policy paid $60,000 for the employee dishonesty to the customer. I was responsible for the $384.89 out of my pocket. [redaction] has filed suit against Lydia and myself for the recovery of his funds. The suit states that I am responsible due to lack of oversight, misappropriation and misrepresentation of products.”

The customer complaint filed against Jamie Lasiter’s current employer State Farm VP Management for investment losses caused by the alleged misconduct is pending as of the date of this report.

Jamie Lasiter Red Flags & Your Rights As An Investor

Of course, Jamie Lasiter did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Jamie Lasiter at State Farm VP Management on alert to review carefully the activity and performance of their accounts and question whether Jamie Lasiter has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at State Farm VP Management also raises questions about the brokerage firm’s supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.

File A Claim To Recover Your Investment Losses At State Farm VP Management Due To Jamie Lasiter

If you have questions about State Farm VP Management and/or Jamie Lasiter and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.

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Robert Wayne Pearce

Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $125 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.

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