Did Sharon Mae Perdue Cause You Investment Losses?
Sharon Mae Perdue, a former broker at Boston, Massachusetts based LPL Financial LLC, submitted a Letter of Acceptance, Waiver and Consent (AWC) in which she agreed to the described penalties and to the entry of the Financial Industry Regulatory Authority’s (FINRA) findings that she entered all of her trades in some over-the-counter securities as being unsolicited when, in truth, such trades were solicited and, by this means, mismarked numerous trades thereby causing her firm’s books and records to be incorrect. FINRA’s findings also stated that Ms. Perdue exercised discretion in customers’ accounts. Some of the customers verbally authorized Ms. Perdue to trade in their accounts without their authorization on the same day of the trade. Other customers consented to Ms. Perdue following an agreed-upon investment strategy, but she failed to always effect the trades on the same day as her discussion with the customers. Further, FINRA found that none of the customers had provided written authorization to Ms. Perdue to employ such discretion, and she did not have the firm’s prior written acceptance of any discretionary account.
According to FINRA, Ms. Perdue sent misleading email communications to some customers that failed to disclose material information about the securities she recommended, included incorrect and/or misleading information, contained predictions and/or projections of future price performance for securities, and failed to include a reasonable basis for her recommendations. Further, FINRA found that Ms. Perdue made material misrepresentations to customers when she made improper price predictions and promised unrealistic returns pertaining to certain over-the-counter securities she recommended to the customers. Additionally, FINRA found that Ms. Perdue recommended and sold a low-priced, over-the-counter security to customers who were seniors. When Ms. Perdue made the recommendations and sales, she had no reasonable grounds to believe that the recommendations were suitable based on each customer’s other security holdings, financial situation, and needs. Ms. Perdue of Longmont, Colorado was fined $15,000 and suspended from association with any FINRA member in any capacity for two years.
Do You Need a Securities Arbitration Lawyer?
We are top rated securities arbitration attorneys and highly ranked lawyers by our peers in Martindale Hubble and Thomson Reuters SuperLawyers who represent investors in securities arbitrations conducted by the Financial Industry Authority (FINRA), American Arbitration Association (AAA) and JAMS alternative dispute resolution forums serving Massachusetts investors. This state has thousands of stock brokerage firms and investment advisory offices. With so many stock brokerage firms and investment advisor offices, comes the potential for their stockbrokers, financial advisors, and other representatives to engage in all kinds of stockbroker misconduct which violates Federal and Massachusetts securities laws and Financial Industry Regulatory Authority (FINRA) rules and stock brokerage firms’ policies and procedures.
Experienced Securities Arbitration Lawyers Who Handle FINRA, AAA Or JAMS Arbitrations Throughout Massachusetts And Nationwide.
Are you a Massachusetts investor who has suffered significant losses in your stock brokerage and investment accounts? Did your Massachusetts stockbroker or investment advisor, misrepresent facts, fail to disclose facts making the statements made false and misleading, recommend unsuitable investments or strategies, excessively trade or churn or otherwise mismanage your investment account? Depending upon the terms of your arbitration agreement you will need to have representation from an experienced, highly-rated and nationally recognized FINRA, AAA or JAMS arbitration securities law attorney—an attorney who knows the FINRA, AAA or JAMS rules and procedures inside and out and how to handle these FINRA, AAA or JAMS arbitration cases and other complex legal issues.
By hiring a top rated attorney like Robert Wayne Pearce with over 40 years of experience practicing securities law on both sides of the table in FINRA, AAA and JAMS arbitration proceedings, you will clearly see that Attorney Pearce doesn’t just handle cases—he aggressively represents investors and is one of the best securities arbitration attorney to recover your investment losses for all types of stockbroker misconduct in FINRA, AAA and JAMS arbitration proceedings!
At The Law Offices of Robert Wayne Pearce, P.A., we represent investors in all kinds of securities law and investment disputes in FINRA, AAA and JAMS arbitration and mediation proceedings. We handle a wide range of practice areassuch asfraud and misrepresentation, breach of fiduciary duty, failure to supervise, and unsuitable recommendations. Attorney Pearce and his staff represent investors throughout Massachusetts, and across the United States on a CONTINGENCY FEE basis, which means you pay nothing – NO FEES-NO COSTS – unless we put money in your pocket after receiving a settlement or FINRA arbitration award.
Se habla español
Free Initial Consultation With An Experienced FINRA, AAA and JAMS Securities Arbitration Attorneys Serving Massachusetts Residents
The Law Offices of Robert Wayne Pearce, P.A. are highly experienced lawyers who successfully handle securities law matters and investment disputes in FINRA, AAA and JAMS arbitration proceedings, and who work tirelessly to secure the best possible result for you and your case. For dedicated representation by an attorney with over 40 years of experience and success in all kinds of securities law and investment disputes in FINRA, AAA and JAMS arbitrations serving Massachusetts citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.