1.800.931.8452
We can help recover your investment loss. Free consultations, always. CONTACT US

Former Union Capital Co. Financial Advisor, Richard Labare, Barred By FINRA

Richard Labare is a former Financial Advisor at Union Capital Co. in Rancho Mirage, California.  Richard Labare entered the securities industry in 1980 and previously worked for Morgan Stanley & Co. 

According to publicly available records released by the Financial Industry Regulatory Authority (FINRA), in March 2019, Richard Labare was sanctioned by FINRA, suspending him indefinitely from the securities industry, for failing to respond to FINRA’s request for information in conjunction with an investigation of Richard Labare.  The investigation sought information regarding Richard Labare’s sales practices with his customers. 

In addition, Richard Labare has been the subject of seven customer complaints during his career, including the following:

  • August 2010—”CLAIMANTS ALLEGE THAT MR LABARE RECOMMENDED UNSUITABLE AND AGGRESSIVE SECURITIES DISREGARDING HIS LEGAL DUTIES AND RESPONSIBILITIES TO THE CLAIMANTS, AS WELL AS, LEVERAGING THEIR ACCOUNT ON MARGIN, EXPOSING THEM TO HIGHER RISK.”  The matter was settled for $15,000. 
  • September 2002—Client alleged “unsuitable investment recommendations.”  A panel awarded the customer damages of $160,000. 

For a copy of Richard Labare’s CRD, click https://brokercheck.finra.org/individual/summary/717987#disclosuresSection

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.  

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.

Now is the time to talk to an investment loss recovery lawyer. We can help recover your investment loss. Free consultations, always.

Main Office - Fort Lauderdale

1250 S. Pine Island Road
Suite 325
Plantation, FL 33324
Phone: (800) 931-8452
(954)-406-1231

We represent clients nationwide, including, but not limited to: Miami, Boca Raton, West Palm Beach, Sarasota, Tampa, Stuart, St. Petersburg, Vero Beach, Orlando, Jacksonville, Austin, Houston, Dallas, Washington DC, Charlotte, Boston, Baltimore, Phoenix, Scottsdale, Las Vegas, Los Angeles, San Diego, San Francisco, Chicago, Seattle, Portland, Denver, Salt Lake City, Fargo, Atlanta, Little Rock, Newark and St. Louis

Additional Office Locations (by appointment only)

Atlanta

3355 Lenox Road
Suite 7
Atlanta, GA 30326

Indianapolis

13295 N. Illinois St.
Suite 314
Indianapolis, IN 46032

New York City

275 Madison Avenue
Suite 705
New York, NY 10016

Dallas

3102 Maple Ave.
Suite 400
Dallas, TX 75201

Irvine

2600 Michelson Drive
Suite 1700
Irvine, CA 92612

Portland

5933 NE Win Sivers Drive
Suite 205
Portland, OR 97220

Denver

7900 E. Union Ave.
Suite 1100
Denver, CO 80237

Naperville

1700 Park Street
Suite 103
Naperville, IL 60563

Seattle

1001 Fourth Ave.
#3200
Seattle, WA 98154

We represent clients nationwide, including, but not limited to: Miami, Boca Raton, West Palm Beach, Sarasota, Tampa, Stuart, St. Petersburg, Vero Beach, Orlando, Jacksonville, Austin, Houston, Dallas, Washington DC, Charlotte, Boston, Baltimore, Phoenix, Scottsdale, Las Vegas, Los Angeles, San Diego, San Francisco, Chicago, Seattle, Portland, Denver, Salt Lake City, Fargo, Atlanta, Little Rock, Newark and St. Louis