WASHINGTON – The Financial Industry Regulatory Authority has filed a complaint against Phoenix-based Lawson Financial Corp. and the firm's president and chief executive officer, charging them with securities fraud in connection with the sale of millions of dollars of municipal revenue bonds to customers.

The complaint also charges LFC's President and CEO Robert Lawson and Chief Operating Officer Pamela Lawson, his wife, with self-dealing by abusing their positions as co-trustees of a charitable remainder trust. In addition, Robert Lawson is charged with misuse of customer funds related to the transfer of millions of dollars from the charitable remainder trust account.

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