Financial Advisor Larry Jefferson Tolbert Has Disclosed Five Customer Disputes

• April 23, 2026
• Integrity Alliance

Larry Jefferson Tolbert (CRD#: 1054714) is a registered Broker at Integrity Alliance, LLC in Memphis, TN.

Broker’s Background

Larry Jefferson Tolbert entered the securities industry in 2000 and previously worked for AXA Advisors, LLC, Metropolitan Life Insurance Company, Metlife Securities Inc., Syndicated Capital, Inc., Saxony Securities, Inc., Saxony Capital Management, LLC, SunAmerica Securities, Inc., Householder Group, Estate & Retirement Specialists, SagePoint Financial, Inc., Securities Service Network, Inc., Householder Group Financial Advisors, LLC, Private Client LLC, FSC Securities Corporation, Lion Street Financial, LLC and Lion Street Advisors, LLC.

Current And Past Allegations Of Conduct Leading To Investment Loss

According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), in February 2026, Larry Jefferson Tolbert became the subject of a customer dispute alleging, “the Representative recommended the purchase of unsuitable, risky, illiquid, and complex unsecured debt securities through Representative’s Registered Investment Adviser (RIA)”. The damage amount requested is $113,000.00.

In addition, Larry Jefferson Tolbert has been the subject of four customer complaints, including the following:

 

• January 2026 – “the Representative recommended the Purchase of unsuitable, risky, illiquid, and complex unsecured debt securities through Representative’s Registered Investment Advisor (RIA). The damage amount requested is $85,000.00.
• March 2025 – “the Representative recommended the purchase of unsuitable, risky, illiquid, and complex unsecured debt securities through Representative’s Registered Investment Adviser (RIA). The damage amount requested is $50,000.00
• November 2023 – “the Representative recommended the purchase of unsuitable, risky, illiquid, and complex unsecured debt securities through Representative’s Registered Investment Adviser (RIA)”. The customer dispute was settled for $45,000.00.
• June 2023 – “the Representative recommended the purchase of unsuitable, risky, illiquid, and complex unsecured debt securities through Representative’s Registered Investment Adviser (RIA)”. The damage amount requested was $150,000.00.

 

For a copy of Larry Jefferson Tolbert’s FINRA BrokerCheck, click here.

We Help Investors Recover Investment Losses

Financial advisors have a legal and regulatory obligation to recommend only suitable investments that are appropriate for their clients’ needs and objectives. Their employing brokerage firm has a legal and regulatory obligation to supervise the Financial Advisors’ sales practices and dealings with clients. To the extent any of these duties are breached, the customer may be entitled to a recovery of his or her investment losses.

Quantitative suitability requires a brokerage firm or financial advisor with actual or de facto control over a customer’s account to have a reasonable basis for believing that a series of recommended transactions – even if suitable when viewed in isolation – is not excessive and unsuitable for the customer when taken together in light of the customer’s investment profile. No single test defines excessive activity, but factors such as the turnover rate, the cost-equity ratio, and the use of in-and-out trading in a customer’s account may provide a basis for a finding that a member or associated person has violated the quantitative suitability obligation. Financial advisors have a legal and regulatory obligation to recommend only suitable investments that are appropriate for their clients’ needs and objectives. Their employing brokerage firm has a legal and regulatory obligation to supervise the Financial Advisors’ sales practices and dealings with clients.

The Wolper Law Firm represents investors nationwide in securities litigation and arbitration on a contingency fee basis.  Matt Wolper, the Managing Principal of the Wolper Law Firm, is a trial lawyer who has handled hundreds of securities cases during his career involving a wide range of products, strategies and securities. Prior to representing investors, he was a partner with a national law firm, where he represented some of the largest banks and brokerage firms in the world in securities matters. We can be reached at (800) 931-8452 or by email at mwolper@wolperlawfirm.com.