Securities Arbitration Attorney - Law Offices of Robert Wayne Pearce

Jan 6, 2021

Boston, Massachusetts FINRA Securities Arbitration Attorney

Did Michael J. Wiseman Cause You Investment Losses? Michael Jeffery Wiseman, broker formerly employed by Boston, Massachusetts-based LPL Financial LLC, submitted a Letter of Acceptance, Waiver and Consent in which he agreed to, without admitting or denying, the described penalties and the entry of the Financial Industry Regulatory Authority’s (FINRA) findings that he made appearances on a talk radio show in which he made statements relating to a variable annuity that were unfair and unbalanced. During several of his radio appearances, Mr. Wiseman generally referenced a variable annuity he had recommended to his clients. Mr. Wiseman’s comments focused on the guarantees offered by the variable annuity, particularly the guarantee against loss of principal, claiming the investor “can’t lose money.” During some of those appearances, Mr. Wiseman noted that the variable annuity was not Federal Deposit Insurance Corporation (FDIC) guaranteed and that the investor would have to hold the product for 10 years so as to receive the guarantee against loss of principal. Mr. Wiseman then encouraged listeners to call him for more information about the product, stating “we’ll find out if this is an appropriate investment for you.” In discussing the variable annuity, however, Mr. Wiseman did not explain that any such guarantees were dependent on the paying ability of the annuity’s issuer. FINRA found, Mr. Wiseman also did not disclose other material aspects of the investments, such as the negative tax and investment consequences resulting from early withdrawals and the fees, expenses, and surrender charges that investors may need to pay. Mr. Wiseman of Hermitage, Pennsylvania was fined $5,000 and suspended from association with any FINRA member in any capacity for 10 business days. Do You Need a Securities Arbitration Lawyer? Massachusetts 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 Lawyers Who Handle Securities Claims In FINRA 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, mismanage your investment account or engage in other kinds of stockbroker misconduct? If so, you need representation by an experienced, highly-rated and nationally recognized FINRA securities arbitration attorney—a lawyer 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 is one of the best attorneys to recover your investment losses for 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 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 Experienced FINRA Securities Arbitration Lawyers Serving Massachusetts Residents In FINRA Arbitration Proceedings The Law Offices of Robert Wayne Pearce, P.A. are highly experienced lawyers who successfully handle 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 all kinds of securities law and investment disputes in FINRA arbitrations serving Massachusetts citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.

Jan 6, 2021

Boston, Massachusetts Securities Arbitration Attorneys Who Represent Investors

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.

Dec 31, 2020

Greenwood, Indiana FINRA Securities Arbitration Attorney

Did Bradley Rozema Cause You Investment Losses? Bradley Rozema of Greenwood, Indiana submitted a Letter of Acceptance, Waiver, and Consent (AWC) to the Financial Industry National Regulatory Authority (FINRA) for executing securities transactions without his customers or firms written approval. FINRA found that Mr. Rozema, while associated with Wells Fargo, effected discretionary trades for three clients. Mr. Rozema received verbal authorization to execute the trades which followed the customer’s investment objectives. However, Mr. Rozema allegedly did not obtain written authorization from either his clients or Wells Fargo in violation of NASD Rule 2510(b). Without admitting or denying the FINRA findings, Mr. Rozema agreed to the FINRA sanctions and was ordered to pay a $5,000 fine. Additionally, Mr. Rozema was suspended from association with any FINRA member in any capacity for 10 days. Do You Need a Securities Arbitration Lawyer? Indiana 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 Indiana securities laws and Financial Industry Regulatory Authority (FINRA) rules and stock brokerage firms policies and procedures. Experienced Lawyers Who Handle Securities Claims In FINRA Arbitrations Throughout Indiana and Nationwide. Are you an Indiana investor who has suffered significant losses in your stock brokerage and investment accounts? Did your Indiana 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, mismanage your investment account or engage in other kinds of stockbroker misconduct? If so, you need representation by an experienced, highly-rated and nationally recognized FINRA securities arbitration attorney—a lawyer 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 is one of the best attorneys to recover your investment losses for 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 Indiana, 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 Experienced FINRA Securities Arbitration Lawyers Serving Indiana Residents In FINRA Arbitration Proceedings The Law Offices of Robert Wayne Pearce, P.A. are highly experienced lawyers who successfully handle 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 all kinds of securities law and investment disputes in FINRA arbitrations serving Indiana citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.

Dec 31, 2020

Castleford, Idaho Securities Arbitration Attorney Who Represents Investors

Did William Kinyon Cause You Investment Losses? William Robert Kinyon, a former representative with the Castleford, Idaho branch of NYLIFE Securities LLC submitted an AWC in which he consented to the FINRA findings that he converted funds from an elderly customer’s account for personal use. According to FINRA, William Kinyon’s elderly brokerage customer told him that she wanted to deposit $3,000 into one of her variable annuity accounts. Mr. Kinyon, instead allegedly deposited the check into his personal checking account and used the funds to make multiple personal purchases at stores such as Walmart and Costco. Mr. Kinyon’s conversion of his customer’s funds was a violation of FINRA Rule 2150(a) which prohibits FINRA members from making “improper use of a customer’s securities or funds.” Consequently, William Kinyon, was barred from association with any FINRA member in any capacity. 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 Idaho 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 Idaho 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 Idaho And Nationwide. Are you an Idaho investor who has suffered significant losses in your stock brokerage and investment accounts? Did your Idaho 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 Idaho, 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 Idaho 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 Idaho citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.

Dec 29, 2020

Stamford, Connecticut FINRA Securities Arbitration Attorney

Did Paul Steffany Cause You Investment Losses? Paul Steffany of Stamford, Connecticut submitted an AWC to FINRA for allegedly falsifying documents and converting funds for his own personal use. Mr. Steffany was terminated from FINRA member firm Raymond James after violating company policy. FINRA alleged that while associated with Raymond James, Mr. Steffany wrote himself checks from the trust to compensate for his services. Mr. Steffany allegedly forged the signature of his co-executor on twelve checks and deposited them in an account held outside Raymond James. In 2013, FINRA found that Mr. Steffany paid himself an excess of $30,000 and an excess of $40,000 in 2013. FINRA claimed that between 2007 and 2014, Mr. Steffany, converted at least $112,742 that were excessive and inconsistent with the limited nature of his duties. Upon FINRA and Raymond James launching an investigation, Mr. Steffany refunded $112,742 and resigned as the trustee. FINRA found that Mr. Steffany violated FINRA Conduct Rules 2010, 2110, and 2330. Without admitting or denying the FINRA findings, Mr. Steffany was barred from association with any FINRA member in any capacity. Do You Need a Securities Arbitration Lawyer? Connecticut 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 Connecticut securities laws and Financial Industry Regulatory Authority (FINRA) rules and stock brokerage firms policies and procedures. Experienced Lawyers Who Handle Securities Claims In FINRA Arbitrations Throughout Connecticut and Nationwide. Are you a Connecticut investor who has suffered significant losses in your stock brokerage and investment accounts? Did your Connecticut 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, mismanage your investment account or engage in other kinds of stockbroker misconduct? If so, you need representation by an experienced, highly-rated and nationally recognized FINRA securities arbitration attorney—a lawyer 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 is one of the best attorneys to recover your investment losses for 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 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 Free Initial Consultation With Experienced FINRA Securities Arbitration Lawyers Serving Connecticut Residents In FINRA Arbitration Proceedings The Law Offices of Robert Wayne Pearce, P.A. are highly experienced lawyers who successfully handle 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 all kinds of securities law and investment disputes in FINRA arbitrations serving Connecticut citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.

Dec 29, 2020

Monroe, Connecticut Securities Arbitration Attorneys Who Represent Investors

Did David Rookasin Cause You Investment Losses? David Adam Rookasin of Monroe, Connecticut submitted a Letter of Acceptance, Waiver, and Consent (AWC) to the Financial Industry Regulatory Authority (FINRA) for allegations of engaging in private transactions in violation of FINRA Rules 2320(g)(1) and 2010. David Adam Rookasin was registered with UBS as a General Securities Representative from October 2012 to August 2017. According to FINRA’s findings, Mr. Rookasin recommended that a customer exchange a $1.3 million fixed rate annuity that his firm rejected. FINRA’s findings stated that upon the rejection, Mr. Rookasin assisted another representative at a different firm in executing the transaction after the customer opened the account. FINRA’s findings stated further that he stayed involved in the transactions by being the point of contact between the representative and customer. In addition, FINRA stated that Mr. Rookasin failed to notify his firm of this arrangement and received half of the commission in the amount of $50,318.86. Without admitting or denying FINRA’s findings, David Adam Rookasin received a fine of $10,000, was ordered to pay a disgorgement of the commissions received in the amount of $50,318 and was suspended from associating with any FINRA member in all capacities for four months. Do You Need a Securities Arbitration Attorney? 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 Connecticut 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 Connecticut 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 Connecticut And Nationwide. Are you a Connecticut investor who has suffered significant losses in your stock brokerage and investment accounts? Did your Connecticut 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 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 Free Initial Consultation With An Experienced FINRA, AAA and JAMS Securities Arbitration Attorneys Serving Connecticut 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 Connecticut citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.

Dec 28, 2020

Boca Raton, Florida FINRA Securities Arbitration Lawyer

Did ViewTrade Securities, Inc. Cause You Investment Losses? ViewTrade Securities, Inc. of Boca Raton, Florida was censured and fined $25,000 for allegedly selling returned shares to investors who did not have unfilled orders as required and failed to send confirmation to investors who purchased shares. Due to the misconduct, the firm was in violation of Rule 10b-10 of the Securities Exchange Act and FINRA Rules 5131(d)(3), 2232 and 2010. Since 1999, ViewTrade has been a FINRA member firm and employs approximately 40 registered representatives. According to the FINRA findings, ViewTrade was the lead placement agent in connection with an initial public offering (IPO). The findings stated that after the offering was closed, the firm began contacting investors to reduce their subscription amounts because it exceeded the maximum share cap. The findings stated that due to the cancellations, 4,525 shares were returned to ViewTrade and sold to two investors who gained a profit of $30,428.75 instead of the 17 investors who had unfilled orders. In addition, ViewTrade allegedly failed to provide trade confirmations to 113 investors in the offering. FINRA Rule 5131 governs new issue allocations and distributions. Specifically, Rule 5131(d)(3) addresses circumstances when new issue shares, trading at a premium in the secondary market, are returned to the agent or underwriter who participated in the distribution of the shares. Under that section, the member firm participating in a distribution of new issue shares is required to have an agreement in place to appropriately handle “any shares trading at a premium to the public offering price that are returned by a purchaser . . . after secondary market trading commences.” The Rule requires that when such shares are returned, the firm must use them to offset any existing syndicate short position or, if no short position exists, either (1) offer the returned shares “at the public offering price to unfilled customers’ orders pursuant to a random allocation methodology,” or (2) sell the shares on the secondary market and donate the profits to an unaffiliated charitable organization anonymously to avoid any reputational benefit to the member. Exchange Act Rule 10b-10 and FINRA Rule 2232 require broker-dealers to “give or send” customers specified information at or before the completion of securities transactions (confirmation). Do You Need a Boca Raton, Florida FINRA Securities Arbitration Attorney? Are you a Boca Raton, Florida investor who has suffered significant losses in your stock brokerage and investment accounts? Did your Boca Raton, Florida 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, mismanage your investment account or engage in other kinds of stockbroker misconduct? If so, you need representation by an experienced, highly-rated and nationally recognized FINRA securities arbitration attorney—a lawyer 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 FINRA Securities Arbitration Lawyers Serving Boca Raton, Florida Residents In FINRA Arbitration Proceedings 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 Florida, 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 Florida citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.

Dec 22, 2020

Cape Coral Florida Securities Arbitration Lawyer Who Represents Investors

A Cape Coral Florida couple recently pled guilty to a multimillion-dollar mortgage scheme. Ronald and Lisa Luczak made approximately $5.8 million by taking advantage of the housing market bubble. The couple purchased property and used “straw buyers” and other methods to inflate the value of properties to sell. The Luczak’s and their company, Cape Coral Equity and Development, obtained over $30 million from mortgages on at least 37 properties. Mr. Luczak pled guilty to one count of wire fraud, one count of money laundering, and one count of prohibiting monetary actions with an up to 50 year prison sentence, a $500,000 fine, supervised release, restitution, and property forfeiture. Mrs. Luczak pled guilty to one count of wire fraud facing up to a 20 year prison sentence and a $250,000 fine, supervised release, restitution, and property forfeiture. Do You Need a Securities Arbitration Lawyer? We are top rated lawyers and highly ranked attorneys 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 Cape Coral Florida investors. This state has hundreds 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 Cape Coral Florida securities laws and FINRA rules and stock brokerage firms policies and procedures. Experienced Attorneys With Investment Fraud Claims In Court and FINRA, AAA and JAMS Arbitrations Throughout Cape Coral Florida and Nationwide. Are you a [State] investor who has suffered significant losses your stock brokerage and investment accounts? Did your Cape Coral Florida 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 court and FINRA, AAA and JAMS 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 all types of stockbroker misconduct in court and 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 court and 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 Cape Coral Florida 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 Experienced FINRA, AAA and JAMS Securities Arbitration Attorneys Serving Cape Coral Florida Residents The Law Offices of Robert Wayne Pearce, P.A. are highly experienced attorneys who successfully handle securities law matters and investment disputes in court and 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 a lawyer with over 40 years of experience and success in all kinds of securities law and investment disputes in court and FINRA, AAA and JAMS arbitrations serving Cape Coral Florida citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.

Dec 18, 2020

Loxahatchee Florida Securities Arbitration Lawyer Who Represents Investors

Robert Pozsony of Loxahatchee Florida and eight other defendants were sentenced for a fraudulent investment scheme involving their virtual reality video game company. Mr. Pozsony and the defendants were charged with conspiracy to commit securities fraud, mail and wire fraud, substantive mail and wire fraud, and perjury in connection with their scheme that defrauded over 600 investors. According to the indictment, Mr. Pozsony and his co-conspirators worked for a virtual reality video game company (3001 AD LLC) that developed, marketed and sold high tech video game products. In only a few years, the company made between $15 million and $20 million through their fraudulent investment scheme. The defendants often promised over-exaggerated potential investment returns (Ex: promised $29,000 profit annual on each $5,000 investment) to draw in investments. Mr. Pozsony and the defendants misled investors with lies about the company’s financial status, its current investors, and how it would be using funds. The defendants were given prison sentences between 30 and 152 months depending on their involvement in the fraud. Do You Need a Securities Arbitration Attorney? We are top rated lawyers and highly ranked attorneys by our peers in Martindale Hubble and Thomson Reuters SuperLawyers who represent investors in securities fraud cases conducted in court and by the Financial Industry Authority (FINRA), American Arbitration Association (AAA) and JAMS alternative dispute resolution forums serving Loxahatchee Florida 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 Florida securities laws and Financial Industry Regulatory Authority (FINRA) rules and stock brokerage firms policies and procedures. Experienced Attorneys With Securities Fraud Claims Throughout Loxahatchee Florida and Nationwide. Are you a Loxahatchee Florida investor who has suffered significant losses your stock brokerage and investment accounts? Did your Loxahatchee Florida 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 court, FINRA, AAA or JAMS rules and procedures inside and out and how to handle these court FINRA, AAA or JAMS 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 court and FINRA, AAA and JAMS arbitration proceedings, you will clearly see that Attorney Pearce doesn’t just handle cases—he aggressively represents investors and one of the best attorneys to recover your investment losses for all types of stockbroker misconduct in court and 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 court and 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 Loxahatchee Florida 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 Experienced Securities Fraud Lawyers Serving Loxahatchee Florida Residents The Law Offices of Robert Wayne Pearce, P.A. are highly experienced attorneys who successfully handle securities law matters and investment disputes in court and 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 lawyer with over 40 years of experience and success in all kinds of securities law and investment disputes in court and FINRA, AAA and JAMS arbitrations serving Loxahatchee Florida citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.

Dec 15, 2020

California Securities Arbitration Attorneys Who Represents Investors

Did Marco Daniel Cause You Investment Losses? Marco Daniel, a registered representative with the Chula Vista, California branch of PFS Investments, consented to, the FINRA findings that he borrowed money from a customer, failed to disclose his outside business activity, and falsely reported in a firm questionnaire his involvement in this misconduct. According to FINRA, Marco Antonio Daniel (aka Tony Daniel), of Chula Vista, California, borrowed a total of $19,015 from a customer and did not repay the loans until the customer had complained to the firm. Mr. Daniel also failed to disclose the loans or to receive the firm’s approval. Furthermore, Mr. Daniel failed to provide notice to his firm that he had engaged in outside business activity involving the use of the borrowed money. Due to the aforementioned misconduct, Marco Daniel was suspended from association with any FINRA member in any capacity for four months. Do You Need California Securities Arbitration Attorneys Who Represents Investors? 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 California 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 California 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 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, 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 areas such as fraud 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 FINRA, AAA and JAMS Securities Arbitration Attorneys Serving California 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 California citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.