Lawrence Hagedorn Terminated From The O.N. Equity Sales Company

The law firm of Oakes & Fosher is presently investigating the alleged misconduct of former securities broker Lawrence Hagedorn. According to his publicly available FINRA BrokerCheck report, Lawrence Hagedorn has been the subject of multiple customer complaints and sanctions.

Lawrence Hagedorn was a Kansas based securities broker. He worked in the securities industry for twenty-eight years. During his career, he was registered with four different securities firms. He is no longer working as a registered securities broker in any fashion.

• Priceline Securities (1988-1997)


• Ascend Financial Services (1997-1998)


• Securian Financial Services (1998-2006)


• The O.N. Equity Sales Company (2007-2017)

• In January 2001, customers alleged that they were given inappropriate advice by Lawrence Hagedorn to finance the purchase of variable life insurance policies using funds from their IRAs. This case was settled for $7,200 in damages.


• In March 2005, a customer alleged that Hagedorn failed to act in a timely manner, thereby denying her the opportunity to exercise their free look option. This case was settled for an undisclosed amount in damages.


• In September 2017, Lawrence Hagedorn was terminated from his position at The O.N. Equity Sales Company following allegations that he violated the firm's policy regarding borrowing money from customers. He was eventually sanctioned by the Office of the Kansas Securities Commissioner due to these alleged actions. He was fined $50,000 and forced to pay $102,500 in restitution.

Many investors are unaware of the legal recourse available to them after losing money due to securities broker fraud and/or negligence. The truth is that investors who have lost money in this fashion may actually be entitled to damages.

Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Lawrence Hagedorn, please contact Oakes & Fosher for a free and private consultation.