Lanny Howarter (CRD #: 813591), a broker registered with Crown Capital Securities, has added a fourth disclosure to his BrokerCheck record, accessed on January 29, 2021. Details about this latest six-figure dispute are provided below.

On November 24, 2020, an investor alleged that Lanny Howarter had recommended unsuitable, alternative investments and engaged in negligence. The investor further alleged that Howarter omitted material facts related to the liquidity of the investments. The investor is seeking $624,616; the dispute is pending.

Settled Investor Disputes

On November 21, 2017, an investor alleged that Lanny Howarter engaged in fraud and made unsuitable recommendations. The investor also alleged that Howarter failed to supervise in relation to the purchase of various alternative investments. The investor sought $499,000; the dispute settled for $122,000.

On March 31, 2010, an investor alleges that Lanny Howarter engaged in fraud and misrepresentation with respect to sales of a limited partnership program in 2000, 2002, 2004, and 2006. The investor sought $400,000; the dispute settled for $250,000.

On March 25, 2004, an investor alleged that Howarter recommended unsuitable investments and misrepresented certain securities. The investor sought $388,579; the dispute settled for $95,000.

Lanny Howarter has passed the Series 66 Uniform Combined State Law Examination, the Series 63 Uniform Securities Agent State Law Examination, the Securities Industry Essentials Examination, the Series 7 General Securities Representative Examination, the Series 22 Direct Participation Programs Representative Examination, Series 6 Investment Company Products/Variable Contracts Representative Examination, and the Series 1 Registered Representative Examination. Howarter is a registered broker in Arizona, California, Kansas, Montana, New Mexico, North Carolina, Texas, and Utah. He is also a registered investment adviser in California.

During his 35 years of experience, Howarter has worked at 5 firms:

  • Crown Capital Securities LP (CRD #: 6312)
  • Signator Investors (CRD #: 468)
  • ESI Financial Advisors (CRD #: 265)
  • The Lincoln National Life Insurance Company (CRD #: 2580)
  • Lincoln Financial Advisors Corporation (CRD #: 3978)

If Lanny Howarter was your broker and you have questions about your investments, don’t hesitate to contact the securities attorneys of Fitapelli Kurta. Call (877) 238-4175 or email info@fkesq.com for a free case consultation with a securities attorney.

Leave a Comment