Oxford, Connecticut Securities Account Churning Lawyer

Did Donatas Belys Vildzius Cause You Investment Losses? Donatas Belys Vildzius of Oxford, Connecticut was assessed a deferred fine of $5,000 and suspended from association with any FINRA member in all capacities for a period of six months. The sanctions were based on findings that he engaged in quantitively unsuitable trading in violation of FINRA Rules 2111 and 2010. The suspension was in effect from October 19, 2020, through April 18, 2021. In March 2015, Donatas Belys Vildzius joined Network I and was registered as a General Securities Representative. The firm later filed a Uniform Termination Notice (Form U5) in May 2019, disclosing his termination due to alleged misconduct. According to the FINRA findings, while associated with Network I, Vildzius allegedly engaged in unsuitable trading in the accounts of two customers. The findings state that Vildzius recommendations and excessive trading resulted in high turnover rates and cost-to-equity ratios which resulted in commission and fees to be paid in the amount of $33,449 and losses totaling $32,240. Although Donatas Belys Vildzius is not currently registered or associated with a FINRA member firm, he remains subject to FINRA’s jurisdiction. FINRA Rule 2111(a) provides in pertinent part that “[a] member or an associated person must have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer, based on the information obtained through the reasonable diligence of the member or associated person to ascertain the customer’s investment profile.” Do You Need a Connecticut FINRA Securities Arbitration Attorney? Are you an Oxford, Connecticut investor who has suffered significant losses in your stock brokerage and investment accounts? Did your Connecticut stockbroker or investment advisor excessively trade or churn or otherwise mismanage your investment account? If so, you will need to have representation from an experienced, highly-rated and nationally recognized FINRA arbitration securities churning law attorney—an attorney who knows FINRA rules and procedures inside and out and how to handle these FINRA arbitration cases as well as other complex legal issues.  Free Initial Consultation With Experienced Securities Churning Lawyers Serving Oxford, Connecticut Residents In FINRA Arbitrations At The Law Offices of Robert Wayne Pearce, P.A.  we represent investors in all kinds of securities, commodities and investment law disputes in FINRA, AAA and JAMS arbitration and mediation proceedings. Attorney Pearce and his staff represent investors throughout Connecticut, 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 For dedicated representation by Attorney Pearce with over 40 years of experience and success in all kinds of securities, commodities and investment law disputes serving Connecticut citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail. 

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San Pablo, California Securities Account Churning Attorney

Did Kelly Althar Cause You Investment Losses? Kelly Althar of San Pablo, California submitted an offer of settlement to the Financial Industry Regulatory Authority (FINRA) for allegedly making unsuitable and excessive trades in an elderly customer’s accounts. FINRA’s investigation found Mr. Althar was responsible for two accounts held by an elderly customer and by exercising de facto control, executed frequent trades of the same security in his customer’s account in order to generate commissions. FINRA found that Mr. Alther generated approximately $91,000 in commissions from his excessive IRA trades and an additional $48,000 in commissions in his customer’s individual account. FINRA alleges these trades were not suitable for customers who wanted low-risk investments and ultimately suffered extensive losses in the value of their accounts, which dropped by more than 50%. Do You Need a Securities Account Churning Lawyer? California has thousands of stock brokerage firms and investment advisory offices.  With so many stock brokerage firms and investment advisory offices, comes the potential for their stockbrokers, financial advisors, and other representatives to excessively trade or churn customer accounts to generate commissions and engage in all kinds of stockbroker misconduct which violates Federal and California securities laws and Financial Industry Regulatory Authority (FINRA) rules and stock brokerage firms policies and procedures.  Experienced Lawyers Who Handle Securities Churning Claims In FINRA Arbitrations Throughout California and Nationwide. Are you a California investor who has suffered significant losses in your stock brokerage and investment accounts?  Did your California stockbroker or investment advisor excessively trade or churn or otherwise mismanage your investment account? If so, you will need to have representation from an experienced, highly-rated and nationally recognized FINRA arbitration securities churning law attorney—an attorney who knows FINRA rules and procedures inside and out and how to handle these FINRA arbitration cases as well as 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 arbitration proceedings, you will clearly see that Attorney Pearce doesn’t just handle cases—he aggressively represents investors and one of the best lawyers to recover your investment losses for excessively trading or churning customer accounts to generate commissions and all types of stockbroker misconduct in FINRA 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 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 California, 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 Securities Churning Attorney Serving California Residents In FINRA Arbitrations The Law Offices of Robert Wayne Pearce, P.A.  are highly experienced lawyers who successfully handle churning cases and other securities law matters and investment disputes in FINRA 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 churning cases and all kinds of securities law and investment disputes serving California citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail. 

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