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James Edward Lyons, better known as Eddie, was a Shreveport broker for Raymond James & Associates in Shreveport, LA. Eddie is well-known in the Shreveport-Bosier City golf community due to his past amateur golfing successes. However, he is now gaining infamy in the area for the recent allegations of losing Millions of Dollars for investors through his unauthorized and reckless securities trading.
Although Eddie is not named in the “Statement of Claims” filed with the Financial Industry Regulatory Authority (FINRA), it is alleged that his wealth management firm, Raymond James & Associates and his Shreveport branch manager failed to supervise Eddie.
So far, nearly 30 investors have asked a FINRA Arbitration Panel to hear their claims. Unfortunately, these investors range from the elderly to charitable organizations that feed the homeless. Even worse, these investors are estimating their losses at around $5 Million. The $5 Million claim stems from the amount the investors expected to realize from the management of a conservative investment portfolio by Eddie Lyons.
The investor allegations are tied to Eddie Lyons‘ investments in risky oil and gas trusts and partnerships. Additionally, these investors are claiming that Lyons was initiating investments and trades without their knowledge. If you believe that you were a victim to broker misconduct, investment fraud or unauthorized trading, contact us by filling out a Contact Form or by calling 585 310-5140 for a FREE Consultation on your potential Eddie Lyons Lawsuit.
Were You a Victim of Investment Fraud or Broker Misconduct?
If you believe you were a victim of investment fraud or broker misconduct, it is imperative to take action. Peiffer Wolf Carr Kane & Conway has represented thousands of victims, and we remain committed to fighting on behalf of investors.
Contact Peiffer Wolf Carr Kane & Conway today by filling out a Contact Form on our website or by calling 585-310-5140 to schedule a FREE Case Evaluation.
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Brokercheck®️ report
Information about this broker was obtained from FINRA’s BrokerCheck on May 31, 2018. You should always review the broker’s BrokerCheck report for updated information. If you believe some of the content on this page does not reflect the report, contact us.
Eddie Lyons Claims | Eddie Lyons Lawsuit
According to the Financial Industry Regulatory Authority’s (FINRA) BrokerCheck, ex-financial advisor James Eddie Lyons currently has eight total disclosure events on file. So far, Eddie Lyons has been subject to seven customer complaints and one employment termination for cause. Formerly with Raymond James & Associates in Shreveport, Lyons was fired in April 2017 for customer allegations of “suitability and unauthorized trading.”
Since his dismissal from Raymond James, Eddie Lyons is no longer a registered broker. Although unauthorized trading is the most recent allegation he is facing, Lyons has been a party to several customer complaints in the past. Lyons’ disclosure events began in 2009 with Morgan Keegan and continued through his recent firing from Raymond James in 2017.
One Eddie Lyons lawsuit involved an 88-year-old widow with alzheimer’s disease and settled for $400,000.
PeAs reported on FINRA’s BrokerCheck, Eddie Lyons “was terminated due to customer allegation of unauthorized trading” on April 28, 2017. Both Raymond James and Eddie Lyons, personally, were named parties in the civil litigation that followed. Per BrokerReport, his firing was due to the following allegations:
- Breach of Duties
- Churning
- Fraudulent Ommissions
- Federal Securities Law Violations
- Louisiana Securities Law Violation
- Unauthorized Trading
- Suitability
It is alleged that Eddie Lyons has been partaking in unauthorized trading activities since February 17, 2011. The above allegations resulted in a $400,000 settlement to the investor. If you believe that you were a victim of broker misconduct, investment fraud or unauthorized trading, Contact Us by filling out a Contact Form or by calling 585-310-5140 for a FREE Consultation.
Were You a Victim of Eddie Lyons?
If you believe you were a victim of investment fraud or broker misconduct, it is imperative to take action. Peiffer Wolf Carr Kane & Conway has represented thousands of victims, and we remain committed to fighting on behalf of investors.
Contact Peiffer Wolf Carr Kane & Conway today by filling out a Contact Form on our website or by calling 585-310-5140 to schedule a FREE Case Evaluation.
Concerns About Misconduct Or Fraud? | Eddie Lyons Lawsuit
We have represented thousands of victims of investment fraud, against both brokers and financial institutions that failed to adequately perform their duties and protect the investing public. Broker misconduct or investment fraud can take many forms. Some are easy to detect, and others require careful investigation and analysis. We represent investors who have been victim to broker misconduct or other fraudulent investment activities.
If you believe that you were a victim of broker misconduct or investment fraud, it is important to take immediate action. Contact the attorneys of Peiffer Wolf Carr Kane & Conway today by filling out an online Contact Form or by calling 585-310-5140 to schedule your FREE Case Evaluation.
FREE Consultation | 585-310-5140
If you believe you were a victim of investment fraud or broker misconduct, it is imperative to take action. Peiffer Wolf Carr Kane & Conway has represented thousands of victims, and we remain committed to fighting on behalf of investors.
Contact Peiffer Wolf Carr Kane & Conway today by filling out a Contact Form on our website or by calling 585-310-5140 to schedule a FREE Case Evaluation.
