Latimer LeVay Fyock, LLCLatimer LeVay Fyock, LLC
Laurence M. Landsman, Esq.
Laurence M. Landsman, Esq.

Laurence M. Landsman, Esq.

Partner312.419.3029llandsman@llflegal.com
  • Biography
  • Credentials
  • Experience

From early in his career, Mr. Landsman immersed himself in the field of securities litigation. He learned that the integrity of the financial markets depends on eliminating fraud and deception that can affect all market participants. For over twenty years, he has represented investors who have suffered devastating losses due to a wide variety of fraudulent investment schemes, including misappropriation and theft of funds, churning, breach of fiduciary duty, selling away and misrepresentation. The victims of fraud need to be able to hold accountable those who breach the trust of the customers who rely on them.

At the same time, market participants need to have their rights protected, so that financial advisors can freely seek better employment opportunities while brokerage firms have their legitimate business interests protected. Mr. Landsman has helped several brokers and financial advisors navigate through hiring and firm transfers. He’s successfully represented brokers and financial advisors in disciplinary actions involving the Securities and Exchange Commission, the Certified Financial Planner Board, and the Financial Industry Regulatory Authority. Additionally, he has assisted brokers and financial advisors with compensation disputes, employee forgivable loan claims, wrongful termination claims and Form U5 disclosure disputes.

Mr. Landsman has published several articles in leading legal journals on a wide variety of securities and litigation related topics. He has been interviewed for articles in national publications, including the Wall Street Journal and USA Today. He is currently the chairman of the Chicago Bar Association’s Securities Committee, which puts on monthly continuing learning seminars that feature industry experts as speakers.

Education

  • Chicago-Kent College of Law, J.D., 1989, cum laude
  • Syracuse University, B.A., 1986

Admissions

  • Illinois
  • Federal and trial bars for the United States District Court for the Northern District of Illinois.

Personal Affiliations

  • Advisory board member, Loyola Consumer Law Review
  • Advisory board member, Little City Foundation

Experience

$5,052,500 FINRA arbitration award on behalf of investors who alleged investment fraud targeting investors to raise funds for Lehman Brothers under the guise of structured (aka principal protected) notes. The award including compensatory damages and attorneys' fees on the clients behalf. View here.

$540,328 FINRA arbitration award on behalf of registered representative against former employer for failure to pay commissions per their agreement, and for sexual harassment and discrimination. The award provided the client with compensatory damages, punitive damages and attorneys' fees. View here.

$342,076 FINRA arbitration award on behalf of clients who alleged investment fraud against broker who recommended they use margin to purchase securities, resulting in the loss of their entire account. The award included punitive damages and attorneys' fees to the client. View here.

$310,000 FINRA arbitration award on behalf of investor who alleged investment fraud against financial adviser who used the client's money to fund his own private companies. View here.

$231,000 FINRA arbitration award on behalf of client who alleged investment fraud against brokerage firm that failed to execute his trades. View here.

$105,000 FINRA arbitration award to an investor when the financial advisor steered the client into unsuitable options investments.

$174,766 FINRA arbitration award on behalf of several investors in an initial public offering who did not receive their shares of the company on a timely basis. View here.

$150,000 FINRA arbitration award on behalf of investor who alleged investment fraud based on unsuitable investments against broker who recommended risky technology stocks. View here.

$100,000 FINRA arbitration award on behalf of widow who claimed investment fraud based on the unsuitable investments recommended by her financial adviser who concentrated her investments in a single security. View here.

$700,000 settlement on behalf of three clients of a rogue financial adviser who engaged in investment fraud consisting of a pattern of selling unsuitable investments in mutual funds.

$650,000 settlement on behalf of a married couple who alleged investment fraud against their financial adviser who implemented an unsuitable investment strategy involving high risk stocks.

$600,000 settlement on behalf of a registered representative for defamation on his Form U-5.

$550,000 settlement on behalf of investor who alleged investment fraud against brokerage firm that failed to execute the client's option strategy.

$285,000 settlement on behalf of three families who alleged investment fraud by their financial adviser who recommended unsuitable investments and churned their accounts.

$177,000 settlement on behalf of married couple, one of whom was a former stockbroker who had become disabled as a result of an automobile accident, for investment fraud against financial adviser who recommended unsuitable investments.

$171,000 settlement on behalf of elderly investor who alleged brokerage firm improperly convinced her to transfer investment funds to financial adviser's bogus investment advisory firm.

$150,000 on behalf of investor who alleged investment fraud against IRA trust company for losses due to a data-entry error in connection with the purchase of a single security.