Candius J. Bannister, of Sarasota, Florida, was named a respondent in a Financial Industry Regulatory Authority (FINRA) complaint alleging that she borrowed $31,500 from a customer in violation of her member firm’s and FINRA’s rules.
Formerly registered with both Edward Jones and Morgan Stanley, both Florida based broker dealers, the now unregistered Candius Bannister is alleged to have borrowed a total of $31,500 from a customer while employed with Edward Jones. She allegedly has not repaid the loans, as required by the promissory notes, and she allegedly neglected to request or receive pre-approval from Edward Jones with respect to the loans. Candius Bannister is alleged to have violated the rules of both Edward Jones and FINRA as a result of these transactions.
Broker dealers must establish and implement a reasonable supervisory system to protect customers from broker misconduct. If broker dealers do not establish and implement these protective measures, they may be liable to investors for damages flowing from the misconduct. Therefore, investors who have suffered losses stemming from unauthorized and/or fraudulent activity by their broker can bring forth claims to recover damages against broker dealers like Edward Jones, which should consistently oversee its brokers’ activities in order to prevent the above-described prohibited conduct.
Have you suffered losses in your investment account due to unauthorized and/or fraudulent activity by your broker? If so, call Robert Pearce at the Law Offices of Robert Wayne Pearce, P.A. for a free consultation. Mr. Pearce is accepting clients with valid claims against stockbrokers who may have engaged in misconduct and caused investment losses.
The most important of investors’ rights is the right to be informed! This Investors’ Rights blog post is by the Law Offices of Robert Wayne Pearce, P.A., located in Boca Raton, Florida. For over , Attorney Pearce has tried, arbitrated, and mediated hundreds of disputes involving complex securities, commodities and investment law issues. The lawyers at our law firm are devoted to protecting investors’ rights throughout the United States and internationally! Please visit our website, www.secatty.com, post a comment, call (800) 732-2889, or email Mr. Pearce at email@example.com for answers to any of your questions about this blog post and/or any related matter.