According to The Sandstorm Scholar an online news and editorial commentary that, according to the website, "favors policy over personality and principle over populism", and serves Lubbock and West Texas, a lawsuit Larry K. Lowe vs. Wade J. Lawrence, has been filed at the Lubbock County Courthouse. Follow this for a link to the Sandstorm Scholar posting on that topic. Here is a link provided by Sandstorm Scholar to the purported actual lawsuit.
Lubbockonline reports that there are two suits filed against Lawrence in the 237th District Court alleging that he failed to pay back $1 million in loans from two individuals. In addition to the suit brought by Lowe, James Morris, now deceased loaned Lawrence $850,000 while Lawrence was working forOppenheimer & Co. FINRA records indicate Lawrence was with Oppenheimer 6/2008-7/2011.
In March 2014, FINRA barred Lawrence, who formerly was registered with Southwest Securities, 8/2011-12/2013, from the industry.
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